The Reserve Bank of Australia are set to update the market on their latest interest rate decision this week and the market is pricing in a good chance that we see another 25-basis point rate hike from them. Futures markets are pricing in the chance of a hike at around 80% which would take the Cash Rate up to 4.35% from 4.10% as the bank looks to combat sticky inflation – up to 4.6%  y/y at the last print – that could get worse if the situation in the Middle East with regard to energy prices does not improve soon. The Australian jobs market is proving resilient in the face of the strong inflation numbers which has reinforced calls for a hike at this meeting.

The Aussie dollar is trading near multi-year highs just above the 72-cent level and a ‘hawkish hike’ from the RBA on Tuesday should see the currency appreciate further and push into fresh topside ranges for the medium term. However, a ‘dovish hike’ with little in the way of an indication of further hikes to follow or even no hike at all – which is still a 20-25% chance – would lead to some good selling of the pair and push it back into recent levels.

Short term resistance on the Daily Chart now comes in just above current levels while the June 2022 High just under 73-cents will be the next target, while initial downside support will come in around the 0.7100 level with stronger support around 0.6950.

Resistance 2: 0.7282 – June 2022 High

Resistance 1: 0.7227 – 2026 High and Trendline Resistance

Support 1: 0.7096 – Trendline Support

Support 2: 0.6943 – Long-Term Trendline Support

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets Global does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets Global assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets Global is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Trade the AUDUSD on the Reserve Bank of Australia Interest Rate Decision first appeared on IC Your Trading Edge | Official Blog.

The post Ex-Dividend 04/05/2026 first appeared on IC Your Trading Edge | Official Blog.

The post Ex-Dividend 01/05/2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading schedule and general information related to the UK Early May Bank Holiday  on Monday, 04 May, 2026.

Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.All times mentioned below are Platform time (GMT +3).

Kind Regards,

IC.

The post UK Early May Bank Holiday Trading Schedule 2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading schedule and general information related to the Labour Day Holiday  on Friday, 01 May, 2026.

Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.

All times mentioned below are Platform time (GMT +3).

Indices:

Bonds Futures:

Equities:

Kind regards,

IC.

The post Labour Day Holiday Trading Schedule 2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading schedule and general information related to the Ascension Day on Thursday, 14 May, 2026.

Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.

All times mentioned below are Platform time (GMT +3).

Kind regards,

IC.

The post Ascension Day Holiday Trading Schedule – 2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading schedule and general information related to the Japan Golden Week Holiday starting from Monday, 4 May, 2026.

Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.

All times mentioned below are Platform time (GMT +3).

Kind regards,

IC.

The post Japan Golden Week Holiday Trading Schedule 2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading Schedule and general information related to Buddha’s Birthday, UK Spring Bank Holiday and US Memorial Day on Monday, 25 May 2026.

Liquidity over the holidays is expected to be particularly thin, so please take the necessary precautions to ensure that you are not affected by increased volatility, spreads and intermittent pricing.

All times mentioned below are Platform time (GMT +3).

Forex & Crypto Pairs:

Precious Metals:

Spot Energies:

Indices:

Metal Futures:

Energy Futures:

Soft Commodities:

Indices Futures:

Bonds Futures:

Equities:

Kind regards,

IC.

The post Buddha’s Birthday & UK Spring Bank Holiday & US Memorial Day Trading Schedule – 2026 first appeared on IC Your Trading Edge | Official Blog.

Dear Client,

Please find our updated Trading schedule and general information related to the Victoria Day on  Monday, 18 May, 2026.

Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.

All times mentioned below are Platform time (GMT +3).

Kind regards,

IC.

The post Victoria Day Holiday Trading Schedule 2026 first appeared on IC Your Trading Edge | Official Blog.

FX traders are seeing a focus move over from geopolitical updates to central banks this week with no fewer than five major banks making rate calls and without a doubt the Federal Reserve will take centre stage. Despite the fact that the market has fully priced in a ‘no change’ call, traders are expecting to see some substantial moves on the back of the update when the final Jerome Powell led FOMC delivers its statement and he presides over his last press conference. The market has changed significantly since the conflict in the Middle East began and expectations of rate cuts have pulled back hard, odds of a 25-basis point cut by December now sitting at just 22% when previously the market was looking for cuts by mid-year. All eyes will be on exactly how far rate cut expectations have fallen in the Fed’s eyes’ relative to market pricing and that should see some big moves in the market with anything more hawkish likely to see yields and the dollar take off higher, whilst indications of cuts earlier in the year likely to lead to a sharp fall in the greenback.

USDJPY is trading again near annual highs on the Daily Chart despite a hawkish leaning from the Bank of Japan this week and anything more hawkish from the FOMC at the conclusion of their latest meeting could see the annual high at 160.46 come under threat. Shorter-term resistance at recent highs and the trendline around the 159.86 level will probably give bulls good stop loss entry levels for a move higher, whilst bears would look to leverage them if we do have a more dovish outlook from the committee. Support on the short-term trendline now comes in around the 158.50 level with stronger levels now sitting down just under 156.00.

Resistance 2: 160.46 – 2026 High and Trendline Resistance

Resistance 1: 159.86 – Trendline Resistance

Support 1: 158.49 – Trendline Support

Support 2: 157.57 – April Low

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets Global does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets Global assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets Global is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Trade USDJPY on the FOMC Meeting first appeared on IC Your Trading Edge | Official Blog.

IC Markets Global – Europe Fundamental Forecast | 29 April 2026

What happened in the Asia session?

Today’s Asia session saw mixed equities and softer oil prices, anchored by the UAE’s announcement to exit OPEC, which undermined OPEC’s perceived cohesion and triggered risk‑hedging in energy and related EM assets. At the same time, investors remained cautious over US–Iran‑linked geopolitics and AI‑sector concerns ahead of the Fed decision, tilting flows toward more defensive positioning and compressing risk‑on sentiment in tech‑heavy indices and commodity‑linked FX.

What does it mean for the Europe & US sessions?

Traders are closely monitoring the Federal Reserve’s policy announcement, which is widely expected to maintain interest rates at their current level of 3.50%–3.75%. This meeting carries additional significance as it is anticipated to be the final one chaired by Jerome Powell before his term concludes in May. Simultaneously, the equity markets are focused on a heavy slate of “Mag 7” earnings, with reports due today from Alphabet, Amazon, Meta Platforms, and Microsoft.
​
The Dollar Index (DXY)

Key news events today

Federal Funds Rate (6:00 pm GMT)

FOMC Statement (6:00 pm GMT)

FOMC Press Conference (6:30 pm GMT)

What can we expect from DXY today?

The U.S. Dollar Index (DXY) was trading at approximately 98.58, reflecting a slight decline of 0.04% for the session. The dominant market focus for the day has been the conclusion of the two-day Federal Open Market Committee (FOMC) meeting, with markets largely pricing in a 94% probability that the Federal Reserve will hold the federal funds rate at the 3.50%–3.75% range.

Central Bank Notes:

• The Federal Open Market Committee (FOMC) is widely expected to hold the federal funds rate target range steady at 3.50%–3.75% at its March 17–18, 2026, meeting, amid rising oil prices from the US-Israel war against Iran and persistent inflation pressures, delaying any 2026 cuts potentially to September.
• The Committee continues to pursue maximum employment and 2% inflation goals, with the labor market weakening further as nonfarm payrolls declined by 92,000 in February 2026 and the unemployment rate rose to 4.4% from 4.3% in January.
• Officials face tilted risks from geopolitical tensions, elevated oil prices, and sticky inflation, with CPI steady at 2.4% year-over-year in February 2026, headline PCE at 2.8% in January, and core PCE rising to 3.1%.
• Economic activity has cooled after robust Q4 2025 growth of nearly 5%, with the Atlanta Fed GDPNow now estimating Q1 2026 growth at around 2.1%–2.7% amid softer consumer spending and labour data.
• December 2025’s Summary of Economic Projections forecasts 2025 unemployment at a median of 4.5%, 2026 GDP growth at 2.3%, and core PCE at 2.5%, with the dot plot signalling one more cut in 2026 to a median 3.4% funds rate; March updates may reflect softer labor and inflation upticks.
• The Committee maintains its data-dependent stance amid a softening labor market, inflation above target, and new oil shocks, likely holding rates at 3.50%-3.75% with ongoing divisions and possible hawkish dissents on rate cuts.
• The FOMC continues its adjusted quantitative tightening, with Treasury rolloff caps at $5 billion per month and agency MBS at $35 billion per month to ensure ample reserves post-2025 program adjustments.
• The next meeting is scheduled for 28 to 29  April 2026.

Next 24 Hours Bias
Weak Bearish

Gold (XAU)

Key news events today

Federal Funds Rate (6:00 pm GMT)

FOMC Statement (6:00 pm GMT)

FOMC Press Conference (6:30 pm GMT)

What can we expect from Gold today?

Gold is hovering just below $4,600 per ounce after a small dip from the previous session, with prices down about 0.26% to 4,584 USD/oz while remaining strongly higher versus a year ago. Escalating Middle East tensions and the prolonged closure of the Strait of Hormuz have driven oil‑linked inflation worries and raised expectations that major central banks may keep rates higher for longer, weighing on non‑yielding bullion even as it still attracts some safe‑haven flows.

Next 24 Hours Bias   
Medium Bullish

The Euro (EUR)

Key news events today

German Prelim CPI m/m (All Day)

What can we expect from EUR today?

The euro is trading in a narrow band just below 1.18 versus the U.S. dollar, held back by a resilient greenback and safe‑haven demand, while the ECB sticks with a cautious, data‑dependent stance amid elevated energy prices and lukewarm Eurozone growth. Inflation data for March surprised slightly to the upside, reinforcing the ECB’s measured approach.

Central Bank Notes:

• The Governing Council of the ECB is expected to keep the three key interest rates unchanged at its 29–30 April 2026 meeting, with the main refinancing rate at 2.15%, marginal lending facility at 2.40%, and deposit facility at 2.00%. This reflects an ongoing commitment to 2% inflation stability amid heightened uncertainties from Middle East tensions and US trade policies under President Trump. Market probabilities indicate around 58% odds of no change, though some banks now price in potential hikes due to rising inflation risks.
• Price dynamics show increasing upside pressures, with headline HICP inflation likely around 2.0-2.2% in early 2026, driven by energy costs from Middle East conflicts offsetting euro strength. Core inflation remains sticky but moderating slowly, with projections revised upward to 2.6% for 2026 overall amid hawkish signals from ECB leadership.
• Updated Eurosystem staff projections for April 2026 may forecast headline inflation at 2.1-2.2% in 2026, 1.9% in 2027, and 2.0% in 2028, with upside risks from energy and trade dominating balanced prior views. A stronger euro provides some counterbalance, but recent data revisions highlight persistent pressures.
• Euro area GDP growth holds steady, with Q2 2026 surveys suggesting 0.2-0.3% qoq growth, in line with 1.1-1.3% annual forecasts through 2027. Defence spending, infrastructure, and low unemployment support resilience against trade headwinds and softer external demand.
• The labour market remains tight, with unemployment steady near 6.4%, bolstered by wage growth and participation gains. Supportive credit conditions continue aiding investment and consumption despite global risks.
• Business sentiment is cautious amid US tariffs, geopolitical flare-ups, and supply chain easing; a somewhat weaker euro boosts exports, while fiscal measures aid domestic activity.
• The Governing Council maintains its data-dependent, meeting-by-meeting stance, scrutinizing inflation, transmission, and external shocks without pre-committing to rate paths.
• Balance sheet normalization advances smoothly, with APP/PEPP wind-downs complete and no liquidity issues; banks show ample reserves and stable funding access.

​The next meeting is on 29 April 2026

Next 24 Hours Bias
Medium Bearish

The Swiss Franc (CHF)

Key news events today

No major news event

What can we expect from CHF today?

The Swiss franc is trading in a tight range, with USD/CHF hovering near 0.79 after a slight pullback from multi‑year lows last week, while the euro remains near record lows versus CHF above 0.92. The franc continues to draw underlying support from its safe‑haven appeal, subdued inflation, and the SNB’s readiness to intervene if appreciation becomes too disruptive, with analysts expecting the pair to gradually ease toward around 0.78 in the near term and 0.76 over the next year.

Central Bank Notes:

• At its monetary policy assessment on 19 March 2026, the Swiss National Bank (SNB) is widely expected to leave the policy rate unchanged at 0%, continuing the extended pause since September 2025, as the Governing Board considers current settings adequate to keep inflation near the target without resorting to negative rates.
• Inflation data since December indicate persistent weakness, with headline CPI hovering around 0% year-on-year through early 2026 and core measures subdued at roughly 0.4%, underscoring limited price pressures and lingering, though contained, deflation risks.
• The SNB’s updated conditional inflation forecast shows minimal change from December, with averages of about 0.2% in 2025 (now complete), 0.3% in 2026, and 0.6% in 2027 under a steady 0% policy rate. However, recent flat CPI readings may slightly lower near-term expectations, preserving scope for further easing if needed.
• Global conditions remain challenging, marked by U.S. tariff escalations under President Trump, subdued external demand, and uncertainties in major export markets such as Europe and the U.S., prompting the SNB to exercise caution despite resilient Swiss domestic activity.
• Sentiment in manufacturing and export sectors stays soft amid franc appreciation and weaker foreign orders, squeezing margins. Yet, overall GDP growth is expected to be around 1.5% in 2026, with unemployment edging up modestly from historic lows.
• The SNB reaffirms its readiness to intervene via rate cuts or FX operations should deflationary pressures intensify, while emphasizing clear communication through detailed meeting minutes and coordination with global partners on currency matters.

The next meeting is on 18 June 2026.

Next 24 Hours Bias
Weak Bearish

The Pound (GBP)

Key news events today

No major news event

What can we expect from GBP today?

The British pound remains range-bound against the US dollar near 1.35, with traders adopting a cautious stance ahead of the Federal Reserve’s interest rate decision expected to hold steady at 3.50-3.75% later today, followed by the BoE’s announcement tomorrow at 3.75%—a pivotal “triple central bank week” also involving the ECB that could trigger 1-2 cent swings in GBP/USD.

Central Bank Notes:

• The Bank of England’s Monetary Policy Committee (MPC) met on 19 March 2026, maintaining the Bank Rate at 3.75 per cent in a unanimous decision, following the prior narrow 5–4 vote to hold at the 5 February 2026 meeting. This pause reflects a sharp reversal from earlier market expectations of a 25-basis-point cut, driven by a Middle East conflict sparking global energy and commodity price surges. The March meeting did not include a Monetary Policy Report, with the next one due in April.
• Quantitative tightening (QT) proceeds unchanged at the 2025 pace of gilt holdings reductions, maintaining gradual balance-sheet normalization attuned to liquidity conditions and supportive of a restrictive stance amid new shocks.
• Headline CPI inflation faces near-term upside from the energy shock, reversing prior disinflation trends in domestic prices and wages; pre-shock services inflation had eased but now contends with higher utility and input costs, keeping pressures above the 2 per cent target. MPC projections will update in April, but analysts see inflation at 3-4 per cent by the end of 2026.
• UK growth softens further into Q2 2026, with unemployment risks rising amid potential confidence drops, higher precautionary saving, and widening output gaps; regular pay growth had cooled pre-shock but now faces business cost pass-through.
• Global headwinds intensify via Middle East conflict, driving volatile energy/commodity prices and sterling/gilt swings; MPC deems direct shocks manageable if demand weakens sufficiently to limit second-round effects.
• Inflation risks now tilt upwards from energy persistence and potential wage/cost embedding, offset by downside from demand slack and job losses; prior balance has shifted amid uncertainty on shock duration.
• The MPC adopts a wait-and-see posture post-shock, with policy deemed somewhat restrictive pre-event; all members are ready to act data-dependently for 2 per cent sustainability, eyeing April for fuller impact analysis and possible easing if disinflation resumes. Governor Bailey’s guidance stresses close monitoring without firm-cut commitments.
• The next meeting is on 30 April 2026.

  Next 24 Hours Bias
  Medium Bearish

The Canadian Dollar (CAD)

Key news events today

BOC Monetary Policy Report (1:45 pm GMT)

BOC Rate Statement (1:45 pm GMT)

Overnight Rate (1:45 pm GMT)

BOC Press Conference (2:30 pm GMT)

What can we expect from CAD today?

The Canadian dollar holds near recent highs around 1.37 USD amid high oil prices from Middle East tensions and a hawkish BoC outlook, though it dipped slightly on April 28 to USD/CAD 1.3684 (+0.42%) as inflation hit 2.4% without prompting rate hike expectations the BoC is set to maintain 2.25% today, balancing energy shocks with softening core inflation and global USD strength, per forecasts eyeing further loonie gains to 1.35 USD in a year.
​
Central Bank Notes:

• The Governing Council held the overnight rate target steady at 2.25% at its 25 March 2026 meeting, aligning with consensus forecasts and extending the pause in policy adjustments amid balanced risks. The Bank emphasized persistent global uncertainties from Middle East conflicts and U.S. trade policies under President Trump, but affirmed the current stance supports ongoing disinflation without immediate shifts despite elevated energy price volatility.
• U.S. tariff threats and regional geopolitical tensions continue weighing on business sentiment, though Canadian manufacturing PMI has edged higher into expansion territory, with export orders firming on energy demand. Goods exports, led by crude oil, sustained momentum into February, offsetting cautious capex as firms prioritize resilience over aggressive growth.
• Economic growth carried into Q1 2026 at an annualized pace of around 2.2%, building on Q4 2025’s solid performance, fueled by resource exports, government outlays, and manufacturing rebound. February preliminary data points to steady expansion, though winter weather and supply chain frictions modestly curbed potential upside.
• Services sector PMI climbed further above 50, with broad gains in tech, hospitality, and business services; consumer-facing areas showed tentative improvement as real wages rose, though high service costs still restrained discretionary outlays. The Bank sees this diffusion as evidence of rebalancing toward sustainable activity.
• ​National housing resales ticked up in January-February alongside modest price gains, buoyed by stable rates and improved affordability in select regions, while inventory buildup in urban centers prevents excessive tightening. Officials anticipate continued moderation, aided by prudent mortgage rules amid steady household formation.
• Headline CPI eased to about 2.1% year-over-year in February 2026 estimates, staying within the control band, as core gauges like CPI-trim and median dipped to near 2.7% on softer food and durable goods pressures—despite sticky shelter costs. This reinforces the Bank’s view of inflation sustainably approaching the target.
• Policymakers reiterated that 2.25% remains well-calibrated to anchor 2% inflation and foster adjustment, with no cuts signaled barring downside surprises in growth or prices. Attention now turns to Q2 durability, core inflation persistence, and evolving trade/geopolitical clarity.
• The next meeting is on 29 April 2026.

Next 24 Hours Bias
Medium Bearish

Oil

Key news events today

EIA Crude Oil Inventories (8:30 pm GMT)

What can we expect from Oil today?

WTI crude closed at $99.85 on April 28, up 3.61% for the seventh straight session, hitting highs not seen since early April despite the UAE move. Brent rose to $111.78 (June futures), up 0.47%, with analysts citing Hormuz constraints outweighing any potential output hikes. US inventories fell for a second week, with crude down 1.79 million barrels.

Next 24 Hours Bias
Medium Bullish

The post IC Markets Global – Europe Fundamental Forecast | 29 April 2026 first appeared on IC Your Trading Edge | Official Blog.

DXY (U.S. Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 98.27

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 97.82

Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 99.32
Supporting reasons: Identified as an overlap  resistance, indicating a potential area that could halt any further upward movement

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot: 1.1720

Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 1.1639

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 1.1851

Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot: 187.10

Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 186.10
Supporting reasons: Identified as an overlap support  that aligns with the 38.2% Fibonacci retracement, indicating a potential area where the price could again stabilize.

1st resistance: 187.88
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 0.8677

Supporting reasons: Identified as a pullback resistance  that aligns with the 50% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 0.8645
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8721
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot:1.3554

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 1.3460
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3598
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 215.01

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 213.30
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 217.09
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could halt further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot: 0.7917

Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 0.7839
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.7013
Supporting reasons: Identified as a multi swing high resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 159.11

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 157.66

Supporting reasons: Identified as an overlap support, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 160.44

Supporting reasons: Identified as a swing high resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure

USD/CAD:

Potential Direction: Bullish                                                                                                                                                                

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 1.3602

Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 1.3544

Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.3702

Supporting reasons: Identified as an overlap resistance, making it a possible target for bullish advances and a level where some sellers could return to cap gains

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.

Pivot: 0.7089

Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.

1st support: 0.6999

Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement,, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.7210

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot: 0.5919

Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 0.5775

Supporting reasons: Identified as a pullback support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.5957

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 48,869.55

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 48.222.47

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 49,777.46

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 23,968.53

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 23,407.60

Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 24,717.71

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 7,131.75

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 7,039.33

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 7,241.47

Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price has already reacted off the pivot and may continue its bearish move toward the 1st support.

Pivot: 77,325.60

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 74,748.41

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 79,412.15

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 2,2257.95

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 2,169.68

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 2,423.81
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot and may continue its bullish move toward the 1st resistance

Pivot: 94.78

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 84.86
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 105.53
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 4,622.65

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 4,473.37
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 4,696.75
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

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The post Wednesday 29th April 2026: Technical Outlook and Review first appeared on IC Your Trading Edge | Official Blog.