Forex Daily Forecast, Analysis and Prediction

The pressures on the USD pushed the USD/JPY to retreat to the 108.20 support before closing the week's trading around the 108.45 level and complete the pace of decline at the beginning of this week's trading down to the 107.80 support at the time of writing.

Increased uncertainty and weakening of the US dollar were motivating factors for gold investors to push gold prices up to the $1692 resistance, its highest in seven years, before it closed last week’s trading around the $1675 resistance.

The pair benefited a lot from the noticeable improvement in the health of British Prime Minister Boris Johnson from Coronavirus symptoms, along with a weak US dollar.

Despite the weakness of the US dollar during last week's trading, gains of the EUR/USD pair did not exceed the 1.0952 resistance, and for both trading sessions, it failed to overcome it.

AUD/USD: Normal bearish retracement underway

USD/JPY: Today may see a renewed flow into safe havens

New Zealand remains in a nationwide lockdown, but discussions on how much longer the most extreme measures should be kept in place are intensifying.

British Prime Minister Boris Johnson was released from the hospital yesterday after spending one week, including a few nights in intensive care, at St Thomas’ Hospital.

India announced an extension of the nationwide lockdown until the end of April.

BTC/USD: Support at $6,576 probably too strong to break down today

US President Trump notes the economy will remain in lockdown until healthcare officials deem it safe to resume activities under a new set of protective measures

GBP/USD: Breakout above medium-term resistance at 1.2515?

EUR/USD: Strong resistance at 1.0968

The US dollar was very quiet during Good Friday against the Japanese yen as one would expect, being a major holiday around the world.

The Euro rallied slightly during the trading session on Friday, reaching towards the highs of Thursday during the holiday.