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

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

06.04.2026

Last weekend, the U.S. dollar strengthened following the release of the U.S. March employment report on the 3rd, becoming the strongest currency alongside the Japanese yen.The AUD/USD pair fell from 0.6915 to 0.6881. It gradually declined as the upside was capped by the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, price action is narrowing the range between the upper and lower limits of the Bollinger Bands (-2σ to +2σ), suggesting the pair is forming a triangle consolidation pattern. On the daily chart, the pair is positioned just below the 75-period moving average (MA), awaiting a breakout in either direction.

Among European currencies, the euro fell against the yen.The euro/yen pair fell from 184.266 to 183.541. On the hourly chart, it dropped from the +2σ to the -3σ Bollinger Band. On the 4-hour chart, the price has moved from above the 20-day moving average (MA) to below it, and the candlestick found support just below the 200-day exponential moving average (EMA). On the daily chart, the RSI has remained around 50 for the past month, indicating a continued state of consolidation.

The U.S. ISM Non-Manufacturing Purchasing Managers' Index is scheduled to be released at 11:00 p.m. today. As on the 3rd, European markets will be closed today for the Easter holiday. With major markets closed, we should be particularly vigilant for sudden spikes in volatility.