USD 11 - Currency Hedger

EUR/USD inches higher above 1.1500 amid hopes on US-Iran ceasefire talks

April 6, 2026

EUR/USD trades with mild gains around 1.1520 in Monday’s early European session.
The US and Iran explore a 45-day ceasefire ahead of the deadline.
ECB policymakers emphasized that policy will remain restrictive until inflation sustainably returns to the target.

The EUR/USD pair posts modest gains near 1.1520 during the early European session on Monday. The Euro (EUR) strengthens against the Greenback amid optimism about the US-Iran ceasefire. The US March ISM Services Purchasing Managers Index (PMI) report is due later on Monday.

Bloomberg reported on Monday, citing Axios, that the US, Iran, and regional mediators are discussing terms for a possible 45-day ceasefire that could lead to an end of fighting. The source said that the chances of reaching a deal over the next 48 hours are low. Earlier, US President Donald Trump extended his deadline by 20 hours, posting a new deadline of Tuesday at 8:00 pm EST (00:00 GMT on Wednesday).

Data on Friday suggested US labor market conditions remained calm in March, though economists warned that a prolonged war in the Middle East posed a downside risk. “Our concern is that with the Middle East conflict showing little sign of coming to an imminent conclusion, an overlay of heightened geopolitical, economic and market angst is not going to incentivise business to suddenly start hiring now,” said ING economist James Knightley.

Hawkish comments from the European Central Bank (ECB) policymakers could support the shared currency. The ECB has maintained a firm commitment to combating inflation. President Christine Lagarde and other Governing Council members have delivered consistent messages, emphasizing that policy will remain restrictive until inflation sustainably returns to the 2% target.

GBP/USD Retakes 1.3200; bearish bias persists amid geopolitical risks

April 6, 2026

GBP/USD gains some positive traction as reports of a 45-day US-Iran ceasefire undermine the USD.
Persistent geopolitical uncertainties could limit deeper USD losses and cap the upside for the pair.
The bearish technical setup further warrants caution before positioning for further appreciation.

The GBP/USD pair attracts some dip-buyers near the 1.3175 region during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak. Spot prices climb back above the 1.3200 mark in the last hour, though any meaningful appreciation still seems elusive amid persistent geopolitical uncertainties.

Bloomberg, citing Axios, reported that the US, Iran, and regional mediators are discussing terms for a possible 45-day ceasefire that could lead to an end of fighting. This, in turn, keeps a lid on the safe-haven US Dollar (USD) and offers some support to the GBP/USD pair. However, the risk of a further escalation of the conflict remains in play amid US President Donald Trump’s fresh threat to target Iran’s power plants and bridges if the Strait of Hormuz is not reopened by Tuesday.

From a technical perspective, the near-term bias is mildly bearish as the GBP/USD pair holds well below the 200-period Simple Moving Average (SMA) on the 4-hour chart, which continues to slope lower and cap the broader trend. Adding to this, the momentum has faded after last week’s rebound as the Moving Average Convergence Divergence (MACD) indicator is flattening just under the zero line and showing a marginally negative histogram, suggesting a lack of sustained buying pressure.

Furthermore, the Relative Strength Index (RSI) hovers around 43, below the 50 midline, which reinforces a soft downside tone rather than an oversold extreme. Hence, any further move up is likely to confront immediate resistance at 1.3240, with a stronger cap near 1.3300, where recent swing highs converge, and short-term sellers have reappeared. A sustained move above the latter would be needed to challenge the declining 200-period SMA around 1.3370 and start easing the prevailing bearish bias.

On the downside, immediate support is located at the recent floor around 1.3190, where a break would open the way toward the lower 1.3150 region as the next bearish target.

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

GBP/USD 4-hour chart

USD/CHF holds gains above 0.8000 despite reports of US-Iran ceasefire talks

April 6, 2026

USD/CHF rose as the US Dollar gained on increased safe-haven demand driven by escalating Middle East tensions.
Greenback’s upside may be limited amid reports of the US, Iran, and mediators discussing a potential 45-day ceasefire.
Swiss annual inflation remained close to the SNB’s lower target bound, reducing pressure for policy adjustments.

USD/CHF extends its winning streak for the third consecutive day, trading around 0.8010 during the Asian hours on Monday. The pair appreciated as the US Dollar (USD) gained ground amid increased safe-haven demand on heightened uncertainty in the Middle East.

However, the Greenback’s upside may be limited after reports that the United States (US), Iran, and regional mediators are discussing terms for a potential 45-day ceasefire. Unnamed sources see low chances of a deal being reached within the next 48 hours, a report from Axios cited by Bloomberg.

Earlier, President Trump set a new Tuesday deadline for Iran to reopen the Strait of Hormuz, while escalating threats against its power plants and other civilian infrastructure. Iranian officials warned of reciprocal retaliation, targeting US-linked infrastructure, and stated the strait would remain closed until compensation for war-related damages is secured.

Surging energy prices heighten speculation that the Federal Reserve (Fed) may postpone rate cuts and could even raise borrowing costs later this year if inflationary pressures persist. Market participants are now looking ahead to the latest Federal Open Market Committee (FOMC) Meeting Minutes for clearer guidance on the central bank’s policy trajectory.

The latest domestic inflation figures eased pressure on the Swiss National Bank to adjust policy. Annual inflation rose to 0.3% year-over-year (YoY) in March, the highest in a year, but remains near the lower bound of the SNB’s 0–2% target.

CAD remains depressed against a firmer USD; bullish Oil prices limit losses

April 6, 2026

USD/CAD trades with a positive bias for the third straight day, though it lacks bullish conviction.
Rising geopolitical tensions and Fed rate hike bets continue to support the USD and spot prices.
Elevated Crude Oil prices underpin the Loonie and hold back bulls from placing aggressive bets.

The USD/CAD pair attracts some buyers for the third consecutive day on Monday and trades just below mid-1.3900s during the Asian session, well within striking distance of a nearly four-month high set last week amid a firmer US Dollar (USD). The uptick, however, lacks bullish conviction as elevated Crude Oil prices could underpin the commodity-linked Loonie and cap gains for spot prices.

US President Donald Trump threatened to target Iran’s power plants and bridges if the Strait of Hormuz is not reopened by Tuesday, while Iran introduced new conditions for reopening the strategic waterway. This raises the risk of a further escalation of the ongoing conflict in the Middle East and continues to underpin the USD’s status as the global reserve currency. Adding to this, rising bets for an interest rate hike by the US Federal Reserve (Fed) turn out to be another factor supporting the USD and acting as a tailwind for the USD/CAD pair.

The closely-watched US Nonfarm Payrolls (NFP) report showed on Friday that the US economy added 178K new jobs in March, reversing the previous month’s revised net loss of 133K. Adding to this, the Unemployment Rate unexpectedly fell to 4.3% last month. This comes on top of inflation fears stemming from the war-driven surge in Crude Oil prices and removes any near-term pressure on the Fed to cut rates, which remains supportive of elevated US Treasury bond yields. The outlook, in turn, continues to support the USD and the USD/CAD pair.

Meanwhile, supply disruption worries lift Crude Oil prices to a nearly four-week top. This might hold back traders from placing aggressive bearish bets around the Canadian Dollar (CAD) and warrants some caution before positioning for any further move higher for the USD/CAD pair. Hence, it will be prudent to wait for a sustained strength and acceptance above the 1.3900 mark, or the year-to-date high, before positioning for an extension of a nearly one-month-old uptrend from the 1.3525 region, or the March monthly swing low.

USD/JPY Continues to hold 20-day EMA amid fears of Middle East war escalation

April 6, 2026

USD/JPY edges down to near 159.55 as the US Dollar ticks lower.
US President Trump promises an assault on Iran if it doesn’t reopen the Strait of Hormuz.
Investors await the US ISM Services PMI data for March.

The USD/JPY pair trades marginally down at around 159.55 during the Asian trading session on Monday. The pair shows a subdued performance as the US Dollar (USD) ticks lower, while broadly remaining firm due to threats from United States (US) President Donald Trump that he will destroy Iranian infrastructure if it doesn’t agree to a deal.

During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower to near 100.15.

Over the weekend, US President Trump promised “hell” for Iran’s power plants and bridges, through a post on Truth.Social, if Tehran doesn’t reopen the Strait of Hormuz before the deadline, which is Tuesday, April 7, at 9:00 PM Eastern time.

On the macro front, investors await the US ISM Services PMI data for March, which will be released at 14:00 GMT. The Services PMI is expected to arrive lower at 55.0 from 56.1 in February.

Meanwhile, fears of escalating Middle East war have also improved the safe-haven demand of the Japanese Yen (JPY).

USD/JPY technical analysis

USD/JPY ticks lower at around 159.55 as of writing. However, the near-term bias is bullish as price holds within an ascending channel and consolidates beneath the upper boundary. The pair trades above the 20-day exponential moving average around 158.90, which underpins the advance and aligns with the pattern of higher lows along the channel floor near 158.10.

The 14-day Relative Strength Index (RSI) has shifted into the 40.00-60.00 zone, indicating positive, though not extreme, momentum that supports ongoing upside pressure while the channel structure is respected.

Initial resistance emerges at 160.45, the recent swing high, with the channel top near 161.00 as the next barrier to extended gains. A clear break above the latter would open the way toward higher psychological levels beyond 162.00. On the downside, immediate support is seen at the 20-day EMA near 158.90, ahead of the channel base around 158.10, which defines the lower boundary of the current uptrend. A daily close below 158.10 would weaken the bullish structure and expose deeper retracement levels toward the mid-157.00s.

AUD/USD Price Forecast: Tests nine-day EMA after breaking above 0.6900

April 6, 2026

AUD/USD may find the initial support at the 11-week low of 0.6833.
The 14-day Relative Strength Index hovers near 43, suggesting mild bullish pressure.
The pair tests the immediate barrier at the nine-day EMA of 0.6918.

AUD/USD holds gains after two days of losses, trading around 0.6910 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the pair remains within a descending wedge pattern, suggesting that selling pressure is gradually weakening as lower highs and lower lows converge. This structure often reflects a loss of bearish momentum, increasing the likelihood of a bullish breakout.

However, the 14-day Relative Strength Index (RSI) is around 43, suggesting a bearish bias, with momentum slipping below the midline after failing to sustain earlier strength. Moreover, the near-term bias is bearish as the AUD/USD pair holds below the nine-day Exponential Moving Average (EMA) and the flatter 50-day EMA.

The initial support lies at the 11-week low of 0.6833, which was recorded on March 30, followed by the lower boundary of the descending wedge around 0.6810. A break below the wedge would strengthen the bearish bias and open the doors for the AUD/USD pair to navigate the region around a deeper 0.6400 rebound support zone.

The AUD/USD pair could find the immediate barrier at the nine-day EMA of 0.6918, followed by the 50-day EMA at 0.6958 around the upper boundary of the wedge. A sustained break above this confluence resistance zone would lead the pair to test the 0.7187, the highest since June 2022, reached on March 11.

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

Australian Dollar Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.02%	-0.09%	-0.05%	-0.05%	-0.15%	-0.14%	0.09%
EUR	0.02%		-0.04%	-0.06%	0.00%	-0.14%	-0.14%	0.09%
GBP	0.09%	0.04%		-0.02%	-0.00%	-0.09%	-0.10%	0.16%
JPY	0.05%	0.06%	0.02%		0.02%	-0.11%	-0.11%	0.13%
CAD	0.05%	-0.00%	0.00%	-0.02%		-0.10%	-0.10%	0.14%
AUD	0.15%	0.14%	0.09%	0.11%	0.10%		-0.01%	0.24%
NZD	0.14%	0.14%	0.10%	0.11%	0.10%	0.01%		0.26%
CHF	-0.09%	-0.09%	-0.16%	-0.13%	-0.14%	-0.24%	-0.26%

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).

USD/CHF stays near 0.8000 due thin trading on Good Friday

April 3, 2026

USD/CHF trades sideways as activity stays muted amid subdued market participation due to the Good Friday holiday.
The US Dollar holds ground on safe-haven demand following recent Iran threats from President Trump.
Swiss inflation rose to 0.3% YoY in March, staying near the SNB’s lower target bound, easing pressure for policy changes.

USD/CHF remains steady after registering over 0.5% gains in the previous day, trading around 0.7980 during the Asian hours. The pair moves little as trading activity may remain subdued due to the Good Friday holiday.

The US Dollar (USD) holds firm against is major peers amid rising safe-haven demand following the recent Iran threats from the US President Donald Trump. US President Donald Trump offered no clarity on steps toward reopening the Strait of Hormuz, warning of intensified military action over the next two to three weeks and issuing strong threats against Iran. Iran’s Foreign Minister Abbas Araghchi responded that recent US strikes on civilian infrastructure would not force a retreat, describing them instead as evidence of an opponent in disarray and moral decline.

Chicago Fed President Austan Goolsbee shared his concern on Thursday over rising oil prices, noting they could complicate efforts to curb inflation, particularly if gasoline costs surge and lift inflation expectations.

Meanwhile, the Dallas Fed president supported the Federal Reserve holding rates steady at the latest FOMC meeting, noting the labor market has stabilized since late 2025, though payroll growth remains weak and “uncomfortable.”

Swiss inflation rose to 0.3% year-over-year (YoY) in March from 0.1%, below the 0.5% forecast but the highest in a year, reflecting rising energy costs linked to Middle East tensions. Price growth remains near the lower bound of the Swiss National Bank’s 0–2% target, reducing pressure for policy changes.

GBP/USD Rebounds toward 1.3250 near nine-day EMA

April 3, 2026

GBP/USD may fall toward the descending channel’s lower boundary around 1.3150.
The 14-day Relative Strength Index hovers in the low-40s, indicating weak and negative momentum.
The pair may find the primary resistance at the nine-day EMA of 1.3273.

GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern.

The near-term bias stays mildly bearish as the GBP/USD pair holds below both the nine-day and 50-day Exponential Moving Averages (EMAs), which cap rebounds and confirm a deteriorating short-term trend. Price action has made a sequence of lower highs and lower closes from the 1.35 area, reinforcing downside pressure.

Additionally, the latest 14-day Relative Strength Index (RSI) hovers in the low-40s, showing negative momentum but not yet oversold, which leaves room for further weakness while limiting the risk of an immediate exhaustion low.

The GBP/USD pair may find its primary support at the descending channel’s lower boundary around 1.3150. A break below the channel would expose the 1.3010, the lowest since April 2025, which was recorded in November 2025.

On the upside, the initial barrier lies at the nine-day EMA of 1.3273. Further advances would lead the GBP/USD pair to test the 50-day EMA at 1.3394, followed by the upper descending channel boundary around 1.3440. A sustained break above this confluence resistance would trigger a bullish bias, opening the doors for exploring the area around the 1.3869, the highest level since September 2021, reached on January 27.

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

Pound Sterling Price Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.00%	-0.11%	0.00%	0.00%	-0.13%	0.10%	-0.05%
EUR	0.00%		-0.07%	0.02%	0.00%	-0.01%	0.09%	-0.05%
GBP	0.11%	0.07%		0.11%	0.08%	0.08%	0.17%	0.02%
JPY	0.00%	-0.02%	-0.11%		-0.01%	-0.03%	0.07%	-0.09%
CAD	-0.01%	-0.01%	-0.08%	0.00%		-0.01%	0.09%	-0.06%
AUD	0.13%	0.01%	-0.08%	0.03%	0.01%		0.09%	-0.06%
NZD	-0.10%	-0.09%	-0.17%	-0.07%	-0.09%	-0.09%		-0.15%
CHF	0.05%	0.05%	-0.02%	0.09%	0.06%	0.06%	0.15%

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 British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).