Market participants are likely to keep a close eye on the corrective price movements in the EUR/AUD pair following its recent rally

Market participants are likely to keep a close eye on the corrective price movements in the EUR/AUD pair following its recent rally

09.04.2025

In yesterday’s U.S. currency trading, the U.S. dollar weakened against the yen. The USD/JPY pair fell from 148.103 to 145.981. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the RSI fell from 53 to 32. On the daily chart, the pair has pulled back, with the 10-day moving average capping the upside. We will need to watch for comments from key officials to see if the US dollar continues to weaken during today’s US trading session.

Among European currencies, the euro made significant gains against Oceania currencies. The EUR/AUD pair rose from 1.7958 to 1.8418. It rebounded from the -2σ to the +2σ levels on the hourly Bollinger Bands. On the 4-hour chart, an upward trend along the 20-period moving average is evident, and on the daily chart, the pair has extended its gains for five consecutive days.Since the daily RSI has risen to 83, traders should watch for a potential pullback correction during U.S. trading hours.

Today’s key economic indicators include the RBNZ policy rate and statement at 11:00, Japan’s Consumer Sentiment Index at 14:00, remarks by Bank of Japan Governor Ueda at 15:15, the U.S. MBA Mortgage Applications Index at 20:00, U.S. Wholesale Inventories at 23:00,23:30: U.S. Weekly Crude Oil Inventories, 24:00: U.S. Remarks by Barkin, President of the Richmond Fed, 26:00: U.S. 10-Year Treasury Auction, and 27:00: Release of the U.S. FOMC Minutes. We will be closely monitoring price movements as the EUR/AUD pair undergoes a correction following its recent consecutive gains.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed