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EUR/JPY Price Eyes upper ascending channel boundary near 186.50

  • EUR/JPY may rise toward the 186.50 level near the ascending channel’s upper boundary.
  • The Relative Strength Index stands at 65.55, indicating strong upward momentum.
  • The initial support appears at the nine-day EMA of 184.94.

EUR/JPY extends its gains for the second successive day, trading around 186.10 during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

The EUR/JPY cross extends its advance above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforce a constructive bullish bias. The rising Relative Strength Index (RSI) at 65.55 sits just below overbought territory, suggesting firm upward momentum.

The EUR/JPY cross may target the immediate resistance at the upper boundary of the ascending channel around 186.50. A break above the channel would reinforce the bullish outlook and open the door toward the all-time high of 186.88, recorded on January 23.

On the downside, the primary support lies at the nine-day EMA of 184.94. A move below this level could weaken the short-term price momentum, exposing the 50-day EMA at 183.76, followed by the channel’s lower boundary around 183.60. A break below this confluence support zone would cause the emergence of the bearish bias and open the doors for the EUR/JPY cross to navigate the region around a four-month low of 180.81, recorded on February 12.

EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.03%0.07%0.10%0.04%0.19%0.17%0.05%
EUR-0.03%0.05%0.09%-0.01%0.17%0.14%0.02%
GBP-0.07%-0.05%0.04%-0.03%0.11%0.10%-0.10%
JPY-0.10%-0.09%-0.04%-0.07%0.09%0.03%-0.15%
CAD-0.04%0.00%0.03%0.07%0.13%0.12%-0.07%
AUD-0.19%-0.17%-0.11%-0.09%-0.13%-0.02%-0.22%
NZD-0.17%-0.14%-0.10%-0.03%-0.12%0.02%-0.20%
CHF-0.05%-0.02%0.10%0.15%0.07%0.22%0.20%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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USD/CHF Softens to near 0.7900 with rangebound tone ahead of US CPI release

  • USD/CHF weakens to around 0.7905 in Friday’s early European session. 
  • Further consolidation cannot be ruled out as the pair remains capped below the Bollinger Bands’ 20-day SMA, with neutral RSI. 
  • The immediate resistance level emerges at 0.7930; the initial support level is seen at 0.7895. 
  • The US March CPI inflation report is due later on Friday. 

The USD/CHF pair loses ground to near 0.7905 during the early European session on Friday. A fragile two-week ceasefire between the United States (US) and Iran provides some support to a safe-haven currency such as the Swiss Franc (CHF) against the US Dollar (USD). 

Ahead of the US and Iran talks in Pakistan, Israel continues to bombard Lebanon after killing more than 300 people and injuring at least 1,150 in a single day of strikes across the country on Wednesday. Earlier Friday, Israeli Prime Minister Benjamin Netanyahu said that there is “no ceasefire in Lebanon” and Israel would continue “to strike Hezbollah with full force” as the country’s military launched fresh strikes.

Traders will closely monitor the US March Consumer Price Index (CPI) inflation report later on Friday. The headline CPI is projected to see a rise of 3.3% YoY in March, compared to 2.4% in February, driven by soaring oil prices due to the Middle East war. Any signs of hotter inflation in the US could boost the Greenback against the CHF in the near term. 

Chart Analysis USD/CHF

Technical Analysis:

In the daily chart, USD/CHF is hovering just above the 100-day exponential moving average (EMA) at 0.7893, which lends nearby support, but it remains capped by the Bollinger Bands’ 20-day simple moving average around 0.7932, keeping the broader tone neutral and range-bound. The Relative Strength Index (RSI) at 49 is essentially flat, hinting that directional conviction is lacking after the recent pullback from higher levels.

On the topside, initial resistance is located at the Bollinger midline/20-day SMA near 0.7930, with a break there exposing the upper Bollinger band at roughly 0.8032 as the next hurdle. On the downside, immediate support is seen at the 100-day EMA at 0.7895; a clear break below this level would open the way toward the lower Bollinger band support around 0.7832, where buyers could look to defend the broader range.

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EUR/USD – Bears seem hesitant as breakout above 1.1670 remains in play

  • EUR/USD consolidates its weekly gains as Hormuz risks offer some support to the US Dollar.
  • The downside remains cushioned as traders await the latest US consumer inflation figures.
  • The technical setup favors bulls and backs the case for an extension of the weekly uptrend.

The EUR/USD pair struggles to capitalize on its weekly gains registered over the past four days and trades with a mild negative bias below the 1.1700 mark during the Asian session on Friday. The downside, however, remains cushioned amid the lack of any meaningful US Dollar (USD) buying and ahead of the US consumer inflation figures, due later today.

In the meantime, tensions around the Strait of Hormuz offer some support to Crude Oil prices, fueling inflationary concerns and bolstering hawkish US Federal Reserve (Fed) expectations. This, in turn, is seen acting as a tailwind for the safe-haven USD and undermining the EUR/USD pair. However, hopes of Iran ceasefire stabilizing hold back the USD bulls from placing aggressive bets ahead of the crucial US Consumer Price Index (CPI) and offer some support to the currency pair.

From a technical perspective, the overnight breakout through the 1.1670 confluence – comprising the 200-day Simple Moving Average (SMA) and the 38.2% Fibonacci retracement level of the January-March slide– favors the EUR/USD bulls. Moreover, momentum indicators underpin the constructive tone, with the Relative Strength Index (RSI) hovering near 58, while staying short of overbought conditions, and the Moving Average Convergence Divergence (MACD) in positive territory.

Meanwhile, initial resistance emerges at the 50.0% retracement around 1.1742, followed by the 61.8% Fibo. level at 1.1820, with further barriers at 1.1931 and the prior swing high region near 1.2072. On the downside, immediate support is located at the 200-day SMA at 1.1672 and the nearby 38.2% Fibo. retracement level at 1.1665, while deeper pullbacks would look toward the 23.6% level at 1.1568 and the March monthly swing low, just ahead of the 1.1400 round-figure mark.

EUR/USD daily chart

Chart Analysis EUR/USD
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Sterling remains depressed vs USD; GBP/USD holds above 1.3400 as traders await US CPI

  • GBP/USD attracts some sellers as Hormuz risks act as a tailwind for the safe-haven USD.
  • The divergent BoE-Fed policy expectations favor bulls and act as a tailwind for spot prices.
  • Traders also seem reluctant and opt to wait for the crucial US consumer inflation figures.

The GBP/USD pair drifts lower during the Asian session on Friday, though it lacks follow-through selling and remains close to its highest level since late February, set earlier this week. Spot prices currently trade around the 1.3420-1.3415 region and seem poised to register strong weekly gains as investors now look to the latest US consumer inflation figures for a fresh impetus.

The crucial US Consumer Price Index (CPI) report is expected to show that inflation likely rose further in March amid the war-driven surge in Crude Oil prices. This could further discourage the US Federal Reserve (Fed) from cutting interest rates for a while. Adding to this, tensions around the Strait of Hormuz offer some support to the US Dollar (USD), which is seen as a key factor exerting some pressure on the GBP/USD pair.

Iran halted shipping traffic through the strategic waterway in response to brutal Israeli attacks on Lebanon. Adding to this, US President Donald Trump accused Iran of doing a very poor job of handling oil through the Strait of Hormuz, and that it was not the agreement they had. Trump also warned of renewed strikes if the Iran deal fails. This suggests that escalation risks remain on the table and supports Crude Oil prices.

Meanwhile, traders have sharply reduced Bank of England (BoE) rate hike bets and are now pricing in roughly 30-40 basis points (bps) of increases by the year-end. This still marks a significant divergence in comparison to the Fed’s signal for one interest rate reduction by the end of this year and another in 2027. This, in turn, favors the GBP/USD bulls and warrants some caution before positioning for any further losses.

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AUD/USD Rally pauses as RSI (14) struggles to extend above 60.00

  • AUD/USD corrects to near 0.7065 after a four-day winning streak.
  • Investors await the outcome of US-Iran ceasefire talks in Pakistan.
  • The US headline CPI is expected to have risen at a faster pace of 3.3% YoY in March.

The AUD/USD pair is down 0.23% to near 0.7065 in the late Asian trading session, struggling to extend its winning streak for the fifth trading day on Friday. The Aussie pair comes under pressure as the Australian Dollar (AUD) underperforms amid uncertainty surrounding the first round of talks between the United States (US) and Iran in Pakistan over the weekend regarding the permanent ceasefire.

Australian Dollar Price Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.09%0.15%0.16%0.08%0.23%0.25%0.02%
EUR-0.09%0.05%0.09%-0.03%0.12%0.16%-0.08%
GBP-0.15%-0.05%0.04%-0.06%0.09%0.11%-0.14%
JPY-0.16%-0.09%-0.04%-0.09%0.07%0.04%-0.18%
CAD-0.08%0.03%0.06%0.09%0.13%0.16%-0.07%
AUD-0.23%-0.12%-0.09%-0.07%-0.13%0.02%-0.22%
NZD-0.25%-0.16%-0.11%-0.04%-0.16%-0.02%-0.24%
CHF-0.02%0.08%0.14%0.18%0.07%0.22%0.24%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Market participants doubt that US-Iran talks will go on smoothly amid continued military attacks in Lebanon between Iran-backed Houthis and the Israeli army.

Israeli Prime Minister (PM) Benjamin Netanyahu has pushed back hopes of a ceasefire in Lebanon, stating that Tel Aviv would continue “to strike Hezbollah with full force” as the country’s military launched fresh strikes.

On Thursday, Israeli PM Netanyahu stated, through a tweet on X, that he is open to direct negotiations with Lebanon after repeated requests from the nation.

On the macro front, investors await the US Consumer Price Index (CPI) data for March, which will be published at 12:30 GMT. The US headline inflation is expected to arrive significantly higher at 3.3% from 2.4% in February.

AUD/USD technical analysis

AUD/USD trades lower at around 0.7065 as of writing. However, the pair maintains a constructive bullish bias as spot holds above the 20-day exponential moving average (EMA) at 0.6989. The pair has rebounded from last month’s lows and is stabilizing near recent highs.

However, the price needs a fresh trigger to extend its upside, with the Relative Strength Index (RSI) struggling to break into the 60.00s zone.

On the downside, initial support is provided by the 20-day EMA at 0.6989, which reinforces the short-term bullish structure as long as it holds on closing bases. A daily close below this dynamic floor would signal fading upward momentum and expose a deeper correction towards the April 7 low around 0.6900.

Looking up, the April 9 high around 0.7100 is the immediate resistance; a decisive break above the same would allow the price to extend its rebound towards the March high at 0.7187.

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Offshore Yuan Weakens, Still Set for Weekly Gain

The offshore yuan edged lower to around 6.83 per dollar, ending a five-session winning streak, after the People’s Bank of China reaffirmed its cautious monetary easing stance, even as consumer inflation slowed and producer prices rebounded. Annual consumer inflation slowed more than expected to 1% in March 2026 from 1.3% in February, as the seasonal boost from holiday spending faded.

The PBoC maintained its cautious stance at a quarterly meeting last month, signaling limited appetite for aggressive easing after a modest rate cut in 2025. Meanwhile, producer prices rose 0.5%, beating forecasts and marking the first increase since September 2022, driven partly by higher global energy costs amid Middle East tensions. While China’s strategic reserves and diversified energy supply have cushioned the impact, signs of domestic pass-through are emerging, as authorities raised retail fuel prices for the third time since late February. Over the week, the yuan is set for its second weekly gain.

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Currency Talk – EUR/CAD NZD/USD, USD/JPY

The Overbalance analysis aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The analysis uses only the Overbalance methodology, which helps determine where a trend may continue or where it may reverse.
Today’s analysis covers three instruments, evaluated solely in terms of 1:1 correction structures.

EURCAD
At the end of March, EURCAD prices broke out of a major 1:1 downtrend pattern at the 1.5948 level, paving the way for further gains. We are currently seeing a continuation of the uptrend, and counting from the March 9 low, we can identify a local 1:1 uptrend pattern. In the event of a correction, the key short-term support remains at the 1.6020 level, where the lower boundary of this pattern is located. Conversely, only a return of the price below 1.5948 could suggest a shift to a downtrend. For now, sentiment remains bullish.

EURCAD – H4 timeframe. Source: xStation

NZDUSD
Since February of this year, NZDUSD has been trending downward, with the market repeatedly forming corrections of similar magnitude. We are currently observing a test of the key resistance level resulting from the 1:1 Fibonacci retracement at 0.5828. A sustained break below this level could lead to a shift in sentiment toward an uptrend. On the other hand, defending this level and keeping the price within the downtrend could result in a return to declines and a test of recent lows at 0.5680. The current zone is of critical importance in the short term.

NZDUSD – H4 chart. Source: xStation

USDJPY
Since mid-February, USDJPY has been in a strong uptrend. Recently, one of the larger corrections occurred, covering a range of approximately 240 pips. The current correction has the same range as the previous one, marked in green, which allows us to identify key support at the 158.10 level, based on a 1:1 ratio. If this level holds, there is a chance for the uptrend to resume and for new highs to be tested. Conversely, a break below this level could lead to a trend reversal and a deepening of the decline.

USDJPY – H4 chart. Source: xStation

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Yuan Holds Firm at 3-Year Peak

The offshore yuan held above 6.83 per USD, pausing near an over three-year high as investors weighed a fragile US–Iran ceasefire. The agreement, tied to a 10-point proposal and contingent on reopening the Strait of Hormuz, initially boosted risk appetite and weakened the dollar. However, sentiment turned cautious after fresh accusations from Iran of violations, citing disputes over uranium enrichment, continued Israeli strikes in Lebanon, and alleged airspace breaches.

Meanwhile, China remains relatively better positioned among Asian peers, with the yuan up about 1.0% against the dollar this month and 2.4% firmer year-to-date, as markets price in reduced geopolitical risk. The currency’s resilience has been supported by China’s large oil stockpiles and comparatively stable energy supply chains. Focus now turns to upcoming inflation numbers due Friday, expected to show a modest rise in annual consumer prices and a return to yearly growth in producer prices for the first time since 2022.