The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

Forex•8 April 2026•

1 min read

Mixed Trends in Forex Markets as Major Pairs Breach Key Technical Levels

Key Facts

1EUR/AUD broke the 1.6561 minor support, suggesting the corrective rebound has ended and the intraday bias is back to the downside targeting 1.6125.

2EUR/JPY broke through the 184.75 resistance, shifting the intraday bias to the upside for a retest of the 186.86 high.

3AUD/USD showed a strong rally indicating the corrective fall from 0.7187 completed at 0.6832, with the bias returning to the upside.

4USD/CAD's decline from 1.3965 is extending, with focus now on the 38.2% retracement level at 1.3780.

The foreign exchange markets witnessed significant technical shifts today as several currency pairs breached key support and resistance levels. EUR/AUD broke below the 1.6561 minor support, signaling an end to its corrective rebound and a return to a bearish bias targeting 1.6125. Conversely, EUR/JPY successfully cleared the 184.75 resistance, shifting the intraday outlook toward a retest of the 186.86 high. The AUD/USD pair showed a robust rally, suggesting its corrective phase has concluded and setting a new target at the 0.7187 level. Meanwhile, USD/CAD continues its decline from recent peaks, with technical analysts focusing on the 38.2% Fibonacci retracement level at 1.3780. These intraday outlooks provide critical guidance for traders based on price action patterns and technical indicators.

Create Free Account