Forex News Archive
Professional trading insights from Wednesday, April 8, 2026
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Wednesday, April 8, 2026 at a glance
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Archive date: Wednesday, April 8, 2026
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Forexlive
The USDCHF is extending to the downside, with price action breaking through a series of key technical levels that had previously acted as support. The pair has now moved below the 200-day moving average at 0.79428, the swing low from last week at 0.7903, and the 100-day moving average at 0.7888, and is probing below the 38.2% retracement of the 2026 trading range at 0.7873.
USD
CHF
Source: Finnhub
financefeeds.com
Market Overview: AUD/USD and NZD/USD Gain Momentum – Can the Uptrend Continue?
AUD/USD has moved higher, breaking above the 0.6970 and 0.7000 levels, while NZD/USD is also advancing and may target further gains beyond 0.5850.
NZDUSD
Source: Marketaux
Forexlive
USD Strengthens as Trump Signals Iran Regime Change and Denuclearization
The US dollar is poised to benefit from a significant geopolitical shift as President Trump announced the United States will work closely with Iran following what he described as a 'very productive regime change.' The statement confirms a dramatic realignment in Middle Eastern geopolitics, with commitments to end uranium enrichment and remove all buried nuclear material under satellite surveillance. This development reduces geopolitical risk premiums that had previously weighed on risk assets and supported safe-haven flows into JPY and CHF. Oil prices face potential downward pressure as the prospect of normalized Iranian relations could eventually lead to increased crude supply, indirectly supporting commodity-linked currencies like CAD while easing inflationary concerns globally. For USD pairs, the reduced geopolitical uncertainty tends to support risk appetite, potentially weakening traditional safe havens. Traders should monitor USD/JPY for upside momentum as risk-on sentiment builds, while EUR/USD may face pressure if dollar strength persists on improved global stability. Key levels to watch include USD/JPY resistance near recent highs and gold's response to diminished safe-haven demand.
USDJPY
EURUSD
USDCHF
USDCAD
Sentiment:
Positive
Source: Finnhub
Forexlive
EUR/USD Steady as Eurozone Retail Sales Fall 0.2% in February, Meeting Expectations
Eurozone February retail sales came in at -0.2% month-over-month, matching market expectations and representing a slight deterioration from the prior month's revised -0.1% reading. The data reflects continued softness in European consumer spending, suggesting that households remain cautious amid persistent economic headwinds across the bloc. The in-line print is unlikely to significantly move EUR/USD, as markets had already priced in the modest decline. However, the ongoing weakness in retail activity could weigh on the European Central Bank's confidence in the region's economic recovery, potentially reinforcing expectations for continued accommodative monetary policy. For EUR/USD traders, the data adds to a picture of subdued Eurozone domestic demand, which may limit euro upside in the near term. Key levels to watch include immediate support near the session lows, while resistance remains at recent highs. Traders should monitor upcoming Eurozone GDP revisions and ECB commentary for further directional cues, as retail weakness could factor into future policy decisions.
EURUSD
Sentiment:
Neutral
Source: Finnhub
Forexlive
USD Weakens as Risk-On Wave Hits Markets on US-Iran Ceasefire Deal
The US dollar is facing broad selling pressure as a major risk-on wave sweeps through global markets following the announcement of a two-week ceasefire between the US and Iran. US President Trump confirmed the agreement overnight, with Iran agreeing to come to the negotiating table — a significant development that has shifted market sentiment dramatically. The ceasefire carries stronger credibility than prior attempts, as traders perceive the conflict is winding down rather than merely pausing. Risk-sensitive currencies such as AUD, NZD, and emerging market FX are expected to benefit at the expense of traditional safe havens including the US dollar, Japanese yen, and Swiss franc. Oil prices are likely retreating on reduced geopolitical risk premiums, further undermining USD strength tied to energy-related flows. Traders should monitor whether the ceasefire holds and watch for follow-through in USD/JPY and EUR/USD as risk appetite potentially sustains momentum. Key resistance for EUR/USD and support for USD/JPY will be tested if the optimistic tone persists through the week.
EURUSD
USDJPY
AUDUSD
NZDUSD
USDCHF
Sentiment:
Very Positive
Source: Finnhub
seekingalpha.com
NZD/USD Tests Critical 0.5700 Support Ahead of RBNZ Rate Decision
NZD/USD is testing a major technical support level at 0.5700, having been severely impacted by the ongoing US-Iran conflict and its implications for New Zealand's energy-dependent economy. The pair has suffered sustained selling pressure as concerns over global energy supply disruptions weighed heavily on the kiwi dollar. With the Reserve Bank of New Zealand (RBNZ) meeting imminent, traders are closely watching for potential monetary policy signals that could either reinforce or reverse the current bearish trend. The 0.5700 level represents a significant psychological and technical floor, and a decisive break below could open the path toward 0.5650 or lower. Conversely, the newly announced US-Iran ceasefire could provide a near-term relief bid, potentially helping the pair bounce from support. Resistance sits near 0.5750-0.5780. Traders should exercise caution around the RBNZ decision, as any dovish pivot or rate cut could compound downside pressure, while a hold or hawkish tone may offer support for a technical rebound from current levels.
NZDUSD
Sentiment:
Negative
Source: Marketaux