April 2025

The USDCHF is trading in a neutral zone, caught between the 100-hour moving average at 0.8271 and the 200-hour moving average at 0.82105.

After a sharp decline earlier in April, the pair found repeated support in the 0.8097–0.8128 region, ultimately forming a base after they failed break to April lows at 0.80389. That led to start of a rebound higher.

That rally stalled last Friday, with the price topping out at 0.8333—just below the 38.2% retracement of the March–April decline at 0.83505. A sustained move above this retracement is needed to shift the short-term bias back toward buyers. Until that occurs, the upside remains limited.

Yesterday’s price action saw a dip back below the 100-hour MA toward the 200-hour MA, but attempts to break lower lacked momentum. The pair has since settled into a narrow range between the two moving averages, with current price trading near 0.8227.

Traders will be watching for a decisive break from this consolidation zone. A move below the 200-hour MA would target support near 0.8097–0.8128, while a move back above the 100-hour MA would shift focus to the highs at 0.8318 and 0.8333, followed by the 38.2% retracement at 0.83505.

This article was written by Greg Michalowski at www.forexlive.com.

Shipments from China to the U.S. west coast appear poised to drop sharply in May.

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Coca-Cola’s stock has had a total return of 3,534% since Warren Buffett first invested in 1988.

When it was announced that Bessent would be at the morning White House briefing, some thought he would be there to talk about an announcement. Evidently not as he re-hashed the usual talking points and added very little in the way of info around tax policy and tariffs.

S&P 500 futures have fallen about 25 points since the press conference started and are now down 29 points, or 0.5% shortly before the open. Bond yields are flat and the US dollar is firming.

Share of Amazon are down 2% in the pre-market after Leavitt said the decision to show tariff costs on goods is a ‘hostile political act’.

This article was written by Adam Button at www.forexlive.com.

The Liberal party have won the election in Canada with 154 seats won vs 131 for the conservatives. There are 31 seats which have not been called.

While the Liberals will form the government, it remains unclear if they will control a majority of votes in the House of Commons or require support from other parties to pass legislation. It would take a total of 172 seats to reach a majority. The Liberals are 18 seats short of the majority.

Technically, the USDCAD price action has been choppy today, fluctuating within a narrow 63-pip range—well below the 115-pip average for the month. Despite brief moves above the 100- and 200-hour moving averages (currently at 1.38603 and 1.38473, respectively), the pair failed to gain upside traction. A modest push to 1.3871—just 11 pips above the 100-hour MA—was quickly rejected during late Asian and early European trading.

On the downside, the 1.3827 level—marked by lows on April 14, 17, and 18—has been tested multiple times amid overnight volatility. Today’s low reached 1.38085, briefly breaching that support, though price has since rebounded slightly. If sellers can push decisively below 1.3827, the next target would be the April low at 1.37787.

With the price now holding below both the 100- and 200-hour MAs and four consecutive days of lower highs, the short-term bias favors continued selling pressure.

This article was written by Greg Michalowski at www.forexlive.com.