Log in to today's North American session Market wrap for April 9 The US-Iran Ceasefire is still holding, but its threads are very thin.Back-and-forth threats from the Iranian side concerning their disagreements with Trump's 15-point plan have almost led to a catastrophe, but the US Administration seems quite serious about the ongoing peace negotiations.While the White House originally denied Lebanon being part of the ceasefire agreement, Iran made it clear that they would not agree to a peace process with Israeli-Hezbollah tensions still blazing.While this led to a striking build-up of tension pulling WTI Crude back above $100 (to $104), the US President and Israeli PM Netanyahu agreed to reopen diplomatic lines with the Lebanese government to ease this side of the battleground.A significant easing in the narrative, which soothed Markets that were quickly returning to tension.Still, Iran demands a complete ceasefire in Lebanon before the discussion properly starts, something that Israel has not yet communicated. Their demands are for Lebanon to get rid of Hezbollah members from the Ministry.Shortly after the news, WTI quickly dropped and has officially settled right below the $100 psychological level, which allowed global Equities to push towards new cycle highs.Even after topping, as Participants continue to seek greater certainty, Markets seem to have turned the page on the recent conflict.Metals and Bonds have built a slow but steady rebound, Cryptocurrencies are rising again from the bottom, the US Dollar sags, and, before anything, Volatility has reached pre-conflict levels. Expectations are high, so traders will want to ensure sentiment doesn't fail again. VIX (S&P Volatility Index) 4H Chart. April 9, 2026 – Source: TradingView Read More:Has Crypto heard enough for a rally? Bitcoin (BTC) & Ethereum (ETH) OutlookCeasefire uncertainty clears and Wall Street persists – Dow Jones and US Stock Market OutlookUS CPI Preview: US dollar index (DXY) at a critical crossroads ahead of looming CPI spikeStock Market Heatmap for the Session Market Close Heatmap – Source: TradingView – April 9, 2026 The daily heatmap still paints a fractured, yet progressively more consistent Stock market picture.Amazon has led mega caps, with Tech Electronics and Producer Manufacturing shining bright from the easier narrative.Softwares are back on the dumping line as Stock Buyers still aim for targeted inflows and the Private Credit situation continues to loom in the back of all these war headlines.Cross-Assets Daily Performance Cross-Asset Daily Performance, April 9, 2026 – Source: TradingView This session was quite chaotic, a new normal for Markets in recent times.Traders will be looking for headlines before moving further on any bullish ambitions.With the rollercoaster action, it is still difficult to assume any trends, so keep your expectations low for consistency (except if anything fundamentally changes), with quick trades remaining the way to go for the time being.A picture of today's performance for major currencies Currency Performance, April 9, 2026 – Source: OANDA Labs Currency Markets are slowly easing their war flows in progressive waves, with the US Dollar lagging at the cost of the more risk-on (and breathing again) Antipodean currencies – NZD and AUD.About the New Zealand Dollar, the recent hawkish turn from the RBNZ should bring it back into interest but this will once again be contingent on Market mood remaining more positive.The JPY has also largely struggled as a recent interview of Bank of Japan's Ueda pushed back the pricing for imminent rate hike at the April 28 meeting.A look at Economic data releasing over tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Tomorrow will be a banger of a session for volatility fiends – Combine recent chaos in geopolitics ahead of a key weekend, and add to it a few spices including US CPI, German Inflation and Canadian Employment, and you have there a perfect storm.Don't forget to check out our US CPI preview!With the truce still fragile, keep a close eye on the negotiations and US-Iran communications.Safe Trades!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Cryptocurrencies haven't found steady momentum for a rally during major market swings.Recent dynamics have helped ease the harsh selloffs seen over the past six months. There has been a shift toward alternative assets amid a market-shattering conflict. Bitcoin reached its 50% retracement from its $120,000 record highs, coinciding with the mining of its 20 millionth unit. Additionally, Jane Street has reportedly stepped back from alleged market manipulations.What will prompt crypto supporters to drive prices upward again? As always, this remains a million dollar question.As investors and traders, our focus should be on preparing for upcoming opportunities by identifying entry and exit points, setting action criteria, and developing a robust strategy.When preparation meets opportunity, investors may find that the current environment could favor them.While stock markets have recovered more than 50% of their wartime losses, cryptocurrencies are still aiming to generate more ecstatic returns at the top of the cross-asset performance board. Before diving into Bitcoin and Ethereum charts, let's examine a few market dynamics.ETF inflows and outflows Cryptocurrencies ETF Flows – Source: CoinGlass. April 9, 2026 Crypto ETFs have finally eased their persistent outflows seen since October, with a bottom in mid-February and an actual, slow but consistent growth.Ethereum has actually dominated the recent turn but there is more work to do – Runs always start (particularly for Altcoins), when the second largest crypto awakens.A look into the Crypto Market Cap Total Crypto Market Cap – Daily Chart. April 9, 2026 – Source: TradingView The Crypto Market Cap is showing some positive signs after bottoming in Mid-February and slowly building higher lows, indicating that the bulk of the selloff is now behind us.The move higher from Monday allowed it to breach the 50-Day Moving Average and the downward trendline from 2026.Signs of recovery are still young and will need to strengthen further, but these are better developments for Digital Assets.Let's dive right into the intraday Charts with technical levels for Bitcoin (BTC) and Ethereum (ETH). Current Session in Cryptos – April 9, 2026 (15:18). Courtesy of Finviz Read More:Ceasefire uncertainty clears and Wall Street persists – Dow Jones and US Stock Market OutlookUS CPI Preview: US dollar index (DXY) at a critical crossroads ahead of looming CPI spikeOil just doesn't want to correct with persistent Ceasefire uncertainty – WTI Technical analysisBitcoin (BTC) 4H Chart and Technical Levels Bitcoin (BTC) 4H Chart, April 9, 2026 – Source: TradingView Luckily for Crypto bulls, Bitcoin did not complete its short-term head & shoulders pattern as the narrative largely softened since and allowed some new risk-on inflows.Having now formed a higher low, the Main Crypto have its buyers back into relative control, particularly after bouncing above the $70,000 pivot zone. Three technical elements will be needed to pursue real chances of a rebound:Bulls will need to break $72,700, which failed twice today and forming an intraday bearish divergence – This is due to the general stalling in risk-assets seen today.On the longer-run, pushing above $76,100 (FOMC highs & Channel highs) could easily relaunch a run towards new all-time highs.Falling back below $68,750 however would point to higher chances of continued downside (less probable scenario for now)Levels of interest for BTC trading:Support Levels:$70,000 Short-term momentum Pivot (50 and 200-4H MA)$60,000 to $63,000 Main 2024 support (recent double bottom)$59,935 February Lows$52,000 to $58,000 Next support and 200-Week MA ($55,000 Mid-point)$40,000 Mid-2024 breakout supportResistance Levels:Short term Top – $72,700FOMC Highs $76,200 (Bulls need to break!)$75,000 Key long-term Pivot (acting as resistance)$80,000 to $83,000 mini-resistance (50-Day MA)$90,000 to $95,000 Pivotal ResistanceCurrent ATH Resistance $124,000 to $126,000Ethereum (ETH) 4H Chart and Technical Levels Ethereum (ETH) 4H Chart, April 9, 2026– Source: TradingView The rebound in Ethereum is even more consistent than BTC, currently testing the upper bound of its October downtrend – A key test for what is coming ahead.The bouncing RSI and counter-trend upward channel provides a favorable path for an upside breakout. The rest will be contingent on whether the general Market dynamic is still positive for global risk-taking.A break above $2,300 would confirm a new breakout, with $2,600 coming next (above, the rebound is definitely confirmed!).A breakout in Ethereum should also allow other altcoins to shine (look for the most consistent alts before, and later into the cycle if one really arrives, memecoins – they have struggled in the past cycle so it's still early to say if they will even have their time!)Levels of interest for ETH trading:Support Levels:4H 50 and 200 MA $2,118Channel lows $2,000$1,700 to $1,800 Pre-Bounce 2025 Key Support (testing)$1,744 February 6 lows$1,380 to $1,500 2025 Support2025 Lows $1,384Resistance Levels:March 4 Highs $2,201 (breaking!)$2,300 June War Key Pivot (bullish above)$2,500 to $2,700 June 2025 Key Support now Resistance (Channel Highs)$3,000 to $3,200 Major momentum Pivot (Test of the $3,000)$4,950 Current new All-time highsThe narrative is easing, but keep track of WTI Crude and the latest headlines to stay ahead of the game.Safe Trades!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Log in to today's North American session Market wrap for April 8 The US-Iran ceasefire is officially on the table, and Market bulls have returned with fierce conviction, but despite all the progress from the past 24 hours, the path is going to be quite rocky.Wall Street exploded in a massive relief rally since yesterday's late session, completely reversing the recent geopolitical panic that had gripped risk assets.Global equities aggressively erased close to 50% of their war-induced drawdowns in a single session, with the Nasdaq surging about 2.70% to lead the charge.This sudden de-escalation also triggered the abrupt unwinding of the dominant petrodollar trade. As Crude Oil tumbled , the US Dollar was hammered across the board, especially more pressured by its recent double top as the safe-haven and inflation-hedge premiums evaporated simultaneously.And when the Dollar tumbles, animal spirits come out – Virtually all global assets close in the green today.Energy markets however took the most violent hit, with WTI crude initially plummeting 20% toward the $92 handle.However, the commodity is already creeping higher as traders scour the headlines for clarity on the actual terms of this temporary two-week truce (which is for now still quite foggy).The ink on this fragile ceasefire is barely dry, and severe cracks are already showing.Despite persistent optimism from the US President, the Iranian side has maintained a sour tone as some of their demands apparently have been violated (demands which haven't been made available to the public).Adding a massive layer of uncertainty to the newly minted bullish sentiment, Iran is expressing their mistrusts due to an intruding drone in Iranian airspace and disputes over nuclear enrichment rights. He warned that negotiating under these conditions is inherently unreasonable.While the broader market is currently riding the high of a fading war premium, this immediate diplomatic friction suggests the ceasefire is resting on incredibly thin ice, so traders will have to remain cautious for times ahead! Read More:The Petrodollar trade is over, Dollar tumbles – EUR/USD, AUD/USD & Dollar Index (DXY) overviewBulls are back in vengeance after the US-Iran Ceasefire – Dow Jones and US Stock Market OutlookWall Street in ecstasy! It's almost like nothing happened – North American Mid-Week Market UpdateCeasefire Crash: Oil tumbles 15% as US-Iran deal unwinds global 'fear trade'Stock Market Heatmap for the Session Market Close Heatmap – Source: TradingView – April 8, 2026 Despite the fragile truce, Stock Market bulls haven't shown the slightest concern, going on an absolute wreckage to pick up the sectors which have struggled the most, including Producer Manufacturing and Tech – Retail Sales is also a strong performer.On the other side of the performance space however, Energy Stocks and Communications took large hits, seeing relative disinterest due to the fact that both sectors held so well throughout the entire conflict.Cross-Assets Daily Performance Cross-Asset Daily Performance, April 8, 2026 – Source: TradingView Today marks the return of animal spirits across all Markets, with the highest beta (riskiest) assets shining bright (including Ethereum and European Stocks), at the cost of the US Dollar and WTI Oil.When Inflation fears ease, this is a typical picture – Keep a close eye on the negotiations on the US and Iran side as it could quickly rock recent optimism.If the deal persists and progresses, expect these flows to continue.A picture of today's performance for major currencies Currency Performance, April 8, 2026 – Source: OANDA Labs The US and Canadian Dollars, the two largest winners of Middle East and Crude Oil turmoil are now giving back their hard earned premium, which is profiting particularly to Antipodeans (heavily affected by Oil droughts), and following by other Risk-on currencies such as the Euro and GBP.The Swissie and Japanese Yen are some laggards, as the risk-on mood did not corroborate with their outperformance.A look at Economic data releasing over tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The next 24 hours should be somewhat calmer, with eyes turning back to the macro board.The overnight session will see a few releases for Germany, but all eyes will be on tomorrow's Core PCE release as it should now reflect the first damages of the war-led inflation hits.With the truce still fragile, keep a close eye on the negotiations and US-Iran communications.Safe Trades and a Successful Week!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

The US Dollar has seen its best days throughout the last two months, with the infamous Petrodollar trade grabbing all the attention from Market participants and flows.Crude Oil prices, denominated and traded in US Dollars, rose by close to 100% from mid-February to just yesterday, amid a historic and brutal conflict in the Middle East.A 6-week-long operation led by the US and Israeli armies against the Islamic regime of Iran completely changed the geopolitical picture, which in turn affected Markets in a striking manner.The de facto closure of the Strait of Hormuz, which facilitates the movement of close to 20% of global Energy commodity flows, has completely rocked inflation expectations and, for the regular Economy and all its participants, prices at the pump.With much higher petrol prices, entire regions, particularly those dependent on Middle Eastern oil, had to race to hedge against the risk of shortages, and, by doing so, convert their currencies to the US Dollar, which created its own self-fulfilling prophecy.Add to it pre-existing short-positioning, and a Fed that was starting to get priced for rate hikes as Inflation expectations exploded, and the cocktail for the Greenback was a profitable one. The Petrodollar trade – Oil and US Dollar Correlation. Source: TradingView. April 8, 2026 However, since yesterday evening, the situation has taken quite an unexpected turn. Markets were slowly pricing the potential for a truce, with US pressure to reach a ceasefire extending, but less than 36 hours before the headline, Iran had just rejected a US proposition.Yet, the pressure from the Trump Administration actually worked, and the two sides reached a deal, albeit still quite a foggy one for now.The prior ease in tone had formed a double top in the Dollar Index, but the lack of progress in the situation had kept angst high in the currency Markets. However, yesterday's Ceasefire headline brought the hammer to the US Dollar.After the news, the Dollar lost close to a percentage point against most of its FX peers, and has boarded a similar move in today's action. Current Session's FX Performance – Courtesy of Finviz. April 8, 2026 A short-term pullback has emerged in the past few hours, but the uptrend from the past months has taken a decisive turn.We will look at the Dollar Index, EUR/USD, and AUD/USD to assess the current state of the Market and whether the Dollar will actually suffer from the latest geopolitical truce. Discover:Bulls are back in vengeance after the US-Iran Ceasefire – Dow Jones and US Stock Market OutlookWall Street in ecstasy! It's almost like nothing happened – North American Mid-Week Market UpdateCeasefire Crash: Oil tumbles 15% as US-Iran deal unwinds global 'fear trade'Dollar Index 4H Chart Dollar Index Daily Chart, April 8, 2026 – Source: TradingView The US Dollar has officially broken its January uptrend after today's gap lower in the Dollar Index.After forming a double top in recent action, sellers have now officially taken control by breaking the 20-Day Moving average (99.75), but stalled at the quintessential 98.70 - 99.00 War Support.With WTI correcting higher, the USD is following suit, but this for now only hints at a pullback from oversold conditions (in shorter timeframes) – The counter move has now stalled; any continuation higher should stall around 99.50 (Gap fill) and this would offer optimal entries on Dollar shorts.Levels of interest for the Dollar Index:Resistance Levels99.40 to 99.50 Momentum Pivot (and Gap Fill level)Initial War Spike 99.68Weekly range highs 100.00100.00 to 100.50 Main Resistance ZoneWar Highs 100.544Support Levels98.70 to 99.00 Support (War support)98.57 50 and 200 4H MA (recent lows)98.00 2025 SupportSupport 97.40 to 97.602025 Lows 96.40 to 96.80 SupportAUD/USD 4H Chart and Technical Levels AUD/USD 4H Chart, April 8, 2026 – Source: TradingView AUD/USD largely reversed its mid-March tumble lower, stalling around its 0.618% Fibonacci level (0.7080).With a short-term pullback in the US Dollar, AUD/USD bulls could take the advantage again when the RSI eases enough as long as the narrative does not turn again.The 4H 200-period MA could provide an interesting entry point (0.70170).Levels of interest for AUD/USD:Resistance Levels0.7080 rebound highs2023 Highs from 0.71 to 0.7150 Resistance0.71867 March highsJune 2022 Extremes 0.72 to 0.7230Support Levels4H 200-period MA - 0.701700.6970 - 0.70 Major Pivot0.69 to 0.6935 Early Feb Support0.68340 War lowsMicro-support 0.6850 (+/- 30 pips)October 2024 Mini-support 0.6750 (+/- 100 pips)EUR/USD 4H Chart and Technical Levels EUR/USD 4H Chart, April 8, 2026 – Source: TradingView EUR/USD has officially broken its 1.14 to 1.16 War consolidation zone, and will look to confirm the breakout.Retesting and rejecting the Major Pivot zone would guarantee a stronger phase ahead for the most popular FX pair.Levels to place on your EUR/USD charts:Resistance Levels1.17 to 1.1720 March ResistanceRebound highs 1.17213Resistance Zone around 1.18 (+/- 150 pips)1.1830 June 2025 highsSep 2021 Highs – Resistance 1.19 to 1.1950 ZoneSupport LevelsMajor Pivot 1.16250 to 1.163501.1540 to 1.1570 War Support1.1475 to 1.15 November SupportWar lows 1.1410Safe Trades and keep a close eye on Ceasefire news!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Market Insights Podcast (08/04/2026): Following news of a ceasefire agreed between the US and Iran, join Nick and podcast host Jonny Hart in discussing the reaction from commodity, FX and equity markets. Join Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

US Stock Benchmarks explode after the US-Iran ceasefireEscalation there was not, and the latest TACO helped to push US Equities to erase most of their war lossesExploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 The US-Iran Ceasefire is now official, and Stock Market bulls are back in vengeance.Markets have pursued their massive U-turn after what could have been a disastrous geopolitical escalation in the Middle East, which turned out to just be a gigantic TACO.With the official announcement of a two-week ceasefire, the war premium that heavily discounted Stocks over the last month has suddenly vanished. Market flows have completely reversed, erasing close to 50% of their war-induced moves across major Indexes and the FX space.Global equities are wiping out 28 days of severe corrections in the span of a few sessions (with the largest advance today), leading to what looks like a year's worth of gains packed into one massive relief rally. The Nasdaq topped over 3%, dragging its peers higher in a display of pure market ecstasy. Meanwhile, the US Dollar took a massive hit, giving up a large chunk of its safe-haven gains as risk appetite exploded and plummeting energy prices weighed heavily on the currency. Oil and Dow Jones Inverted correlation. Source: TradingView – April 8, 2026 While the equity side is partying, the commodity space is tumbling. After a gigantic 20% tumble right on the news, WTI Crude Oil reached a daily bottom around $92 and has started to slowly creep higher.Traders are now digesting the fact that this deal, while incredibly welcome, currently only lasts for 14 days. Smart money is actively looking for further clarity and official guidelines regarding the terms of the US-Iran deal to see if this temporary breather can actually translate into a lasting, long-term peace agreement. Until the Strait of Hormuz is fully clear, Oil will remain the ultimate barometer for true de-escalation.After all, the Market has welcomed what seems to be a definite change, so let’s get ready for what's next by looking at the intraday charts and trading levels for the major US indexes: the Dow Jones, Nasdaq, and S&P 500. Discover:Wall Street in ecstasy! It's almost like nothing happened – North American Mid-Week Market UpdateCeasefire Crash: Oil tumbles 15% as US-Iran deal unwinds global 'fear trade'Gold (XAU/USD) stalls at critical $4900/oz resistance as bear signal flashesCurrent Session's Stock Heatmap Current picture for the Stock Market (12:44 PM ET) – Source: TradingView – April 8, 2026 The daily Market action is remarkable, with gigantic gains across the entire Market, with a few victims in the more defensive sectors such as Utilities and Communications, which remained bid throughout the entire war (as rotations and fundamentals helped their outperformance).The largest gains are seen in Producer manufacturing, with gains spanning from 3% to 10% among the largest names, and Tech is of course loving the turn towards higher beta.At the other side of the performance spectrum, Energy stocks are getting battered (not surprising with the latest 17% drop in WTI.Dow Jones 4H Chart and Trading Levels Dow Jones (CFD) 4H Chart – April 8, 2026 – Source: TradingView The Dow Jones has offered a remarkable run, indeed exploding above the 47,000 level as previewed in our past day's mid-session review, but is now stalling at the 48,000 Pivotal Resistance.Any break above 48,000 would put back bulls in long-term advantage, however, they will first have to breach back above the morning highs.With the current 4H doji, traders are clearly looking for further clarity before moving their pieces further – Look for breakouts above (48,088) or below (47,620) for momentum plays.Dow Jones technical levels for trading:Resistance LevelsPivotal Resistance at 48,000Mini-resistance 48,300Mini-resistance 2 48,700Major Resistance – 49,000 to 49,200Support LevelsMajor Pivot 47,400 to 47,600War Resistance now Key Support 47,000 +/- 100 Points (Bearish below)March 8 War lows Resistance now Support 46,30045,700 to 45,900 August SupportJanuary 2025 Highs 45,000 to 45,280Nasdaq 4H Chart and Trading Levels Nasdaq (CFD) 4H Chart – April 8, 2026 – Source: TradingView A similar move has naturally occurred in the Nasdaq, easily extending back towards the 25,000 resistance but is now facing a significant test.Bulls will have to breach the Major psychological resistance in order to mark their higher potential for continuation towards their all-time highs.Reversing from there would point back towards 24,460 (4H 200-MA).Nasdaq technical levels of interest:Resistance LevelsKey Resistance 25,000 to 25,250 25,400 to 25,500 Feb Range resistanceMajor resistance 25,700 to 25,850 Support Levels24,450 to 24,550 PivotFeb Range Support 24,150 to 24,200 Major 2026 Pivotal Support 23,800 to 24,000August 2025 Support 23,500 to 23,650Early 2025 ATH at 22,000 to 22,229 SupportS&P 500 4H Chart and Trading Levels S&P 500 (CFD) 4H Chart – April 8, 2026 – Source: TradingView The S&P 500 has exploded to levels not seen since March 11, and now testing a Pivotal Resistance level, similarly as other Indexes.Failing to break the morning peak (6,815) would point to a retest of the 4H 200-period MA around 6,700, similarly as the setup seen in Nasdaq.Breaking 6,690 to the downside however would point to 6,550 (which would require further analysis).S&P 500 technical levels of interest:Resistance LevelsPivotal Resistance 6,770 to 6,800 Early March Resistance 6,820 to 6,840Key Resistance Zone 6,880 to 6,900 Support Levels6,680 to 6,700 Pivot (4H 200-period MA)6,580 to 6,610 Support4H 50-period MA 6,5506,490 to 6,520 October lows 6,300 psychological level (War lows)Safe Trades and a Successful Week!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

A two-week US-Iran ceasefire was reached, immediately unwinding the "fear trade" that had been building in global marketsOil prices tumbled dramatically, with US Crude (WTI) falling approximately 15%, easing concerns about "War Inflation".The ceasefire is viewed as only a tactical pause; traders are cautioned to remain vigilant as geopolitical headlines could quickly turn sentiment.Most Read: 10 Hours to $150 Oil? The looming deadline threatening the Strait of HormuzAfter weeks of trading on the edge of a precipice, global markets have finally caught a break. In what can only be described as a classic "Trumpian" 11th-hour maneuver, a two-week ceasefire between the US and Iran has been reached, just hours before a deadline that threatened to set the Middle East and global energy markets ablaze.The relief across trading floors this Wednesday morning is palpable. For weeks, we’ve watched the Strait of Hormuz effectively become a no-go zone, choking off 20% of the world’s energy supply and sending volatility into overdrive. But with the announcement of Iran’s “workable 10-point plan,” the "fear trade" is unwinding as quickly as it built up.Market Reaction: Crude Crumbles, Risk-On Returns The most dramatic moves, unsurprisingly, are in the energy pits. Oil prices, which had been flirting with disastrous levels, have seen a massive flush-out. U.S. Crude (WTI) futures tumbled roughly 15%, sliding back under the psychological $100 handle to trade around $96.30. Brent Crude followed suit, dropping 13% to the $94.70 mark.From a technical perspective, this is a massive relief valve for global inflationary pressures. We’ve been discussing the "War Inflation" theme for weeks; this de-escalation provides a much-needed cooling period.Equities and FX are also seeing a "relief rally":Asia-Pacific: The Nikkei jumped 5%, while South Korea’s KOSPI surged 6%, even triggering a brief volatility halt.S&P 500 & Europe: Futures are pointing to a gap up, with European STOXX 50 futures leaping over 5%.The Dollar Index (DXY): The "safe-haven of choice" during the tumult has been knocked back to 98.83, a one-month low.Gold (XAU/USD): Interestingly, Gold remains resilient, climbing 2.5% to $4,820. This suggests that while the immediate "shooting war" fears are fading, investors aren't ready to completely abandon hedges just yet and the hopes that inflationary pressure may prove short-lived remains in place for now..The Outlook: A Two-Week Window of Opportunity The "Iran 10-point plan" is being viewed as a workable framework for longer-term stability, but we must remain cautious. This is a two-week ceasefire, a tactical pause rather than a permanent peace.Iran's 10-point plan includes the following terms:Commitment to non-aggressionIran’s control over the Strait of HormuzAcceptance of Iran's uranium enrichmentLifting of all primary sanctionsLifting of all secondary sanctionsTermination of all UN Security Council resolutionsTermination of all Board of Governors resolutionsPaying compensation to IranWithdrawal of US combat forces from the regionCessation of war on all fronts, including in LebanonTrump says this plan is "a workable basis."Part of the ceasefire plan allows Iran and Oman to charge fees on ships transiting through the Strait of Hormuz, per CNN.A regional official said this money would be used for the reconstruction of Iran. Source: TruthSocial, X For the day ahead, keep an eye on:Supply Chain Normalization: Markets will be looking for physical confirmation that tankers are moving through the Strait of Hormuz without incident.Dollar Weakness: If the DXY continues to slide, it could provide further tailwinds for the AUD and EUR, which have already seen significant bounces this morning.Chart of the day - WTI Oil The H4 chart for WTI illustrates a "liquidation candle," with price plummeting nearly 15% following the US-Iran ceasefire. The vertical drop saw oil slice through the 100-period SMA (purple) and psychological support at $100.00 with ease, signaling a massive shift in sentiment.Currently, WTI is searching for a floor near the $96.30 mark. The RSI (14) has dipped sharply to 33.5, hovering just above oversold territory, which suggests the initial panic selling may be slowing. However, with price now trading well below the 100 SMA, the immediate bias remains bearish.Key Levels to Watch:Support: If the slide continues, the 200-period SMA (yellow) near $88.00 and the horizontal support at $90.00 are the next major targets.Resistance: Any relief bounce faces a stiff hurdle at the $98.97 (100 SMA) and the previous breakdown point at $100.00.WTI US Oil Four-Hour Chart, April 8, 2026 Source: TradingView To conclude, markets have moved from the "brink" to the "bench." The ceasefire buys time, and for now, sentiment is king. Traders should enjoy the relief rally but keep their protective stops tight, geopolitical headlines can still turn the tide in minutesFollow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Log in to today's North American session Market wrap for April 7 After streaks of rebounds in Global Assets, a reality check came to sap the Market mood.Traders were seemingly avoiding the narrative of the soon expiring key US deadline for a major escalation toward Civilian infrastructure. The session started on accelerating concerns as the clock ticks ahead of the 8 PM mark, but some rumours of a potential deadline extension helped to soothe Market sentiment.As the headlines came by, Stock markets erased their large drops, but with this deadline extension not having been confirmed by any parties, it remains more fantasy than fact until the world receives better news.Pakistan's Prime Minister Sharif, mediator for the ongoing US-Iran indirect talks, officially pleaded for the deadline extension a few hours ago, saying that talks were slowly but surely progressing.The request for a two week deadline is a consequent one, so it will be interesting to see what the US President has to say – It's about 4 hours to a major potential escalation in the war. Even the White House speakers did not know what Trump would ultimately decide.Flash News: Iran is reportedly positively considering a Pakistani-led two week ceasefire – To be taken with a pinch of salt as the US would still have to agree.What is sure however is that heavy artillery is heading into the Middle East ahead of tonight's buzzer.Crude Oil prices had been slowly rising since the beginning of the week, now remaining much closer to $115 as Physical tightness keeps gripping Buyers, now 6 weeks into the conflict provoking heavy disruptions in global deliveries.Ahead of the key deadline, Markets are getting ready for major binary risk, with either a deal being reached, leading to large rallies in global assets (drops in USD and Oil), or the effective contrary – In such environment, it is essential to keep your risk in control!A deadline extension would leave rangebound Markets as traders could lose patience. Read More:NZD/USD tests major 0.57 support ahead of RBNZ meeting – FX Technical LevelsBears take the advantage but Trump saves the day – Dow Jones and US Stock Market Outlook10 Hours to $150 Oil? The looming deadline threatening the Strait of HormuzStock Market Heatmap for the Session Market Close Heatmap – Source: TradingView – April 7, 2026 Large recoveries have occurred around all sectors since the easing in narrative, leading to major rallies in US Indexes around the close.Apple notably erased half of its prior 4.50% fall and some Mag 7s actually turned positive as Markets started to price in another TACO. Difficult to say how this will end.Cross-Assets Daily Performance Cross-Asset Daily Performance, April 7, 2026 – Source: TradingView Today's risk-off session took a consequent turn in the final hour of trading as traders progressively start to price in an actual truce ahead of the 8 PM deadline.Oil is tumbling back around $113 as we speak and other risk-assets are exploding higher towards the close – Bulls will hope that somebody know something, because this could be catastrophic in the absence of an actual deal.A picture of today's performance for major currencies Currency Performance, April 7, 2026 – Source: OANDA Labs The Aussie dollar is the main benefactor of the recent ease in narrative, profiting from rebounds in commodities and the proper turn in momentum.The US Dollar and New Zealand Dollar will be sharing the center stage in the next 24 hours as Markets prepare heavy catalysts for their movements – The Deadline for the USD, and the RBNZ for the latter (don't forget to check out our preview for the meeting!)A look at Economic data releasing over tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. Expect a large repricing in all Markets in coming hours with huge developments approaching for the US Dollar.In terms of events, don't forget this evening's RBNZ Meeting, and the Trump Deadline.The overnight session will be huge for the Euro, with inflation data and retails sales releasing for the Eurozone – If it combines with a proper deal, EUR/USD could shift higher.As always, keep a close eye on sentiment and Middle East news.Safe Trades and a Successful Week!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

NZD/USD has been thrashed since the start of the US-Iran war, amid heavy concerns about energy supply in the Land of the Kiwi.At the beginning of 2026, the New Zealand Dollar was on a powerful run. Traders priced higher odds for rate hikes, while most other Central Banks were priced for pauses and cuts. Since then, pricing has dramatically shifted.Numerous policymakers now hint at incoming rate hikes to diminish the inflationary impact of 60% rises in Oil prices.Having lost some relative strength, the new Governor Anna Breman failed to forecast a significant hawkish turn that had been anticipated by Market participants earlier in the year – You can access her recent Speech right here.Having missed its Q4 GDP data, released in mid-March, traders quickly began pricing out any signs of heating in the NZ economy.Combine these factors with a gigantic rise in the Petrodollar since March, and traders got exactly what they needed to not only take profits on previous bullish views but also reverse them into a bearish trend – the major pair is down 4.75% since.The upcoming meeting is strongly priced for a pause (about 90% odds).However, traders have priced in 60 basis points of hikes for the rest of the year.Given the turn in fundamentals and upcoming event, the drops in NZD/USD might just be over.Traders will focus on New Zealand macro data and especially the Royal Bank's inflation outlook for the next meeting (May 27, 2026).Combine high odds of more hawkish communications with daily bullish divergences (see below), and the NZD/USD could be poised for a decent upside reversal – The rest will be to see if it leads to a proper uptrend.To prepare for the upcoming key RBNZ meeting this evening, it is appropriate to conduct a multi-timeframe analysis of NZD/USD and assess potential scenarios. Discover:Bears take the advantage but Trump saves the day – Dow Jones and US Stock Market Outlook10 Hours to $150 Oil? The looming deadline threatening the Strait of HormuzMarkets Today: Oil retreats, Gold rises as cautious tone dominates, Trump deadline now in focusNZD/USD Multi-Timeframe Technical AnalysisDaily Chart NZD/USD Daily Chart – Source: TradingView. April 7, 2026 The Kiwi Dollar has entered a significant downtrend since beginning March, easing from 0.60 right below 0.57.Subject to heavy profit taking from its mid-January gigantic rise, the selloff accelerated as concerns for antipodean crude delivery kept looming on the NZD buying power.The conflict is nearing an important turning point; A de-escalation deadline is about to expire, so if the situation worsens, the outlook can be quite cloudy – To help yourself to spot a direction, it can be quite essential to look at the Dollar Index (DXY), remaining close to 100.00. Rejecting its highs will help NZD/USD to rebound.If de-escalation occurs, NZD/USD is poised for a consequent reversal, particularly as the RBNZ is expected to tighten the screws for a potential future hike – Combine this with prices reaching the bottom of its main downward channel, and technicals are also corroborating this view.Be careful as Monetary Policy meetings can be quite unpredictable, hence the largest traders will await for the decision to move their pawns.Let's take a closer look to spot levels of interest for the ongoing correction.4H Chart and Technical Levels NZD/USD 4H Chart – Source: TradingView. April 7, 2026 The immediate action is still indecisive, as seen with the RSI hanging around the neutral zone.To tilt the scales however, the recent dip below 0.57 could not hold, hence bulls could be getting the upper hand in coming times. This will need to be confirmed after the RBNZ meeting (tonight) and particularly after a break of the 4H 50-period MA (0.57275).Trading Levels for NZD/USD:Resistance Levels4H 50-period MA (0.57275)0.5770 to 0.5790 Major Momentum Pivot (channel highs)0.5850 December High Pivotal Resistance0.5885 to 0.59 Minor resistanceSeptember 2025 Pivot area 0.60 to 0.60150Support LevelsMain Support 0.57 (+/- 150 pips) – testingWar lows 0.56825Minor Support 0.5650January 2025 Support 0.561H Chart NZD/USD 1H Chart – Source: TradingView. April 7, 2026 Looking even closer to the 1H timeframe, the Major FX pair marks heavy indecision as traders await the key fundamental events to make their moves.Above 0.57275, bulls take the upper hand which would point to 0.58850 (Channel highs)Below 0.5690, bears retake control and point to further selling acceleration.Safe Trades and good luck for the upcoming meeting!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week.Markets conclude a very volatile week, with hopes for peace going back and forth and sentiment losing its headGet ready for next week's action by exploring upcoming events across global Markets.Week in review – A sentiment rollercoaster as Markets price in peak conflict What a rollercoaster week. It began with soaring optimism and ended with a brutal geopolitical reality check, capped off by a blockbuster jobs report dropped into an empty market.The Early-Week Melt-UpAs March closed and April began, risk assets caught a massive bid. Investors rushed to buy the dip amid widespread speculation that the US-Iran war was nearing a diplomatic resolution.Stocks exploded higher, the US Dollar formed a double top (which then failed), and oil prices corrected sharply as the war premium appeared to evaporate.The April Fool’s FakeoutUnfortunately, this optimism turned out to be a cruel April Fool's fakeout. By Thursday, the narrative had violently reversed. A hawkish White House address from President Trump completely derailed hopes for peace, reawakening fears of a prolonged conflict and potential ground operations.Energy markets took the brunt of the panic.WTI Crude exploded by 14% overnight, flashing up to $114 per barrel before settling back above $110.The stock market faced severe intraday chaos, gapping significantly lower at the open as algorithms dumped risk, though frantic short-covering later helped major benchmarks finish relatively unchanged. Precious metals also experienced wild volatility as traders scrambled to re-price the escalating conflict. WTI 4H Chart – April 3, 2026 – Source: TradingView The week concluded with a curveball, and luckily no one is there to trade it.The March Non-Farm Payrolls report, released on Good Friday, showed the labor market roaring back to life.Unemployment dropped to 4.3%, private payrolls surged by an unexpected 186K, and wage growth cooled to +0.2% month-over-month. The report cements the Federal Reserve’s holding stance – Don't expect to see cuts anytime soon.Stock Markets are closed for the holiday and futures stuck in a highly illiquid, abbreviated session leaving Wall Street was left paralyzed.Traders are now forced to sit on their hands over a long weekend, balancing robust domestic economic data against the looming threat of military escalation in the Middle East – Watching the highlights of this weekend's action will be mandatory to understand the action next week.Expect fierce repositioning and wild gaps when the bell finally rings on Monday morning – But real volumes will only return on Tuesday (as the largest players are off for the Easter long-weekend\.Weekly Performance across Asset Classes Weekly Asset Performance – April 3, 2026 – Source: TradingView This week's action was nothing short of chaotic, with up-and-down swings across virtually all asset classes, leaving a sense of range-bound trajectories as long as clarity doesn't return.This could replace the prior large downtrends in Metals and Stocks, contingent on the situation not worsening or suddenly improving.WTI remains the asset to watch to assess the general Market mood – one thing to keep in mind is that there has been some progress this week, but more will be needed for the positive mood to remain. Discover:USD/JPY under pressure as markets price in a BoJ rate hikeNon-Farm Payrolls for March large beat on expectations! Markets closed for Good FridayCrude Oil (WTI & Brent) keeps playing tricks on Markets 32 days into the Iran WarThe Week Ahead – Major Inflation data coming up for the US and EU Traders will have to get ready for an intense week, with not only macroeconomic data which should start to reflect the first impacts of the war, but also a more erratic Market behavior regarding the war, which seems to be reaching its most confusing stage.Asia Pacific Markets – RBNZ Rate Decision Next week's RBNZ Decision meeting will be the main event for APAC Markets, but it could also largely be a non-event, currently priced in at 90% for no change (the other 10% is a small premium for a hike).Communications for upcoming rate hikes will be closely watched, so keep that in mind as it may reshape the path for the NZD.For the rest, a few mid-tier releases for Australia and Japan including PMIs for the former, and trade data for the latter.The Chinese Inflation report could also be a mover for the AUD – with inflation recently bouncing higher, so policymakers will want to see this continue..Europe and UK Markets – German CPI and Eurozone PPI This week was big for UK data but next week will be absent of any catalyst for the GBP.The Euro will however be at the center stage, with the first inflation releases that should contain influences from War with Retail Sales and PPI for the Eurozone on Wednesday, and the German CPI on Friday.Any large beat in inflation could warrant a safety hike from the ECB at the next meeting! (Currently priced at about 60%).North American Markets – A heavy week The US will grab the spotlight again, with high-tier releases spanning across the entire coming week.Monday will welcome the ISM Services PMI, an interesting release as Services have started to cool down from ever-higher levels (cooler data there will be a sign of an economic turn).The Minutes from the Mid-March FOMC meeting will also be released on Wednesday (and they have finally become a bit more interesting; look for communications to see what the Fed is watching for decision-making).Thursday will see the release of Core PCE, expected at 3% once again and hopefully not much higher. If it combines with another huge beat in CPI on Friday (headline expected at 0.9% !!! – Huge impact from rises in Oil prices), hikes could really be back on the table, and that would not be good news for the US Market.Participants will also be looking closely at the Core release to see how Oil inflation spreads to other products.For Canada, Tuesday will see the release of the Ivey PMI data (a mover for the Loonie) and the CA Employment report for Friday (that goes without saying). Keep a close eye on geopolitical developments, particularly those regarding a potential ground invasion, as they will be the final piece of the puzzle for Market sentiment and Oil prices.Next Week's High Tier Economic Events For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (High-tier data only) Safe Trades and enjoy your long weekend! Happy Easter!Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Markets are pricing in roughly a 70% chance of a Bank of Japan rate hike this month, but for USD/JPY the key issue is not only the decision itself, but also how clearly it is communicated.If the BoJ signals and delivers a hike, the yen could strengthen and USD/JPY may move lower, especially if investors start to see the move as part of a broader tightening cycle.The biggest risk would be a no-hike scenario despite elevated expectations, as that could trigger a sharp repricing, weaken the yen, push USD/JPY higher, and bring the 160 level back into focus. Markets are increasingly leaning toward the view that the Bank of Japan may deliver another rate hike this month. But the issue is no longer just whether the move happens. For FX markets, and especially for USD/JPY, the bigger question is how the BoJ prepares investors for it.The market is pricing in both a move and a messageThe market is now more clearly assuming that the Bank of Japan could opt for another interest rate hike this month, with current pricing implying roughly a 70% probability of such a move. In practice, however, the focus is no longer solely on the decision itself, but also on the way it is communicated. That communication could prove decisive for currency market volatility in the coming weeks, particularly for USD/JPY. Probability of an interest rate hike in Japan, source: Bloomberg The BoJ is in a demanding position. On the one hand, policymakers continue to point to uncertainty linked to geopolitical tensions in the Middle East, which could in theory justify a cautious stance. On the other hand, incoming data and the tone of recent remarks have done little to cool expectations. If anything, they have strengthened the view that the conditions for further monetary tightening are gradually falling into place.Inflation and rate signals keep expectations elevatedFresh readings on core inflation, the output gap, and the natural rate of interest all fit into the argument for higher rates. At the same time, the March Summary of Opinions following the BoJ meeting was also interpreted as a sign that policymakers remain open to further action. Taken together, these signals have kept the market firmly focused on the possibility of another move.The most likely scenario is that the Bank of Japan will try to prepare the market for a rate hike rather than allow investors to be caught off guard. That matters especially in light of the experience of July 2024, when less-than-clear communication triggered meaningful market turbulence. Since then, the BoJ has tried to reduce the risk of sudden investor reactions.The lesson from July 2024 still shapes expectationsAgainst that backdrop, the lack of any serious attempt to push back against current market pricing may itself be seen as an indirect confirmation that a hike is drawing closer. Even though the calendar of official appearances offers only limited formal opportunities to shape expectations, markets will pay close attention to every public signal.Particular attention will be paid to Governor Kazuo Ueda’s speech, the BoJ branch managers’ meeting, the messaging after the G20 gathering, and parliamentary appearances. In the current environment, even a subtle shift in tone could have a significant impact on yen positioning and on USD/JPY.A well-signaled hike could put USD/JPY under pressureIf the BoJ clearly signals that it is ready to raise rates and then follows through, USD/JPY will likely face downward pressure. Such an outcome would support the yen, as it would mark another step away from Japan’s ultra-loose monetary policy and partially narrow the interest rate gap between Japan and the United States.The more decisive the tone from BoJ officials, and the more strongly markets begin to price in additional moves over the coming months, the stronger the yen’s appreciation could be. In that sense, the market reaction would not depend only on the hike itself, but also on whether investors view it as part of a broader tightening cycle. Daily timeframe of USDJPY, source: TradingView That distinction is critical for USD/JPY. If the Bank of Japan delivers a hike but simultaneously stresses that the move is a one-off adjustment and remains heavily dependent on incoming data, the yen’s reaction may be limited. In that scenario, the initial drop in USD/JPY could quickly lose momentum, especially if US Treasury yields remain elevated and the Federal Reserve offers no clear signal that policy easing is approaching.No hike would be the bigger shock for marketsThe greatest market risk would emerge in the opposite scenario, namely if the BoJ leaves rates unchanged despite high investor expectations. Such an outcome could trigger a sharp reassessment of existing positions, leading to yen weakness and a renewed rise in USD/JPY. The move could be significant because markets would need to rapidly unwind positions built around further monetary tightening. A decision to stay on hold despite strong pricing for a hike could also weigh more broadly on global sentiment, especially if it is interpreted as a sign that the BoJ remains concerned about the fragility of the domestic recovery or about external risks. In that case, any move beyond 160 JPY per USD could once again bring the risk of currency intervention back into focus. That threshold would likely attract much closer attention from both investors and Japanese authorities.Silence from the BoJ may become a signal in itselfAs a result, the coming days may matter more than usual because silence from the Bank of Japan could itself become a form of communication. If the central bank does not actively push back against expectations of a hike, investors may interpret that as a green light for further yen strength.For USD/JPY, that means growing sensitivity to every signal coming from Tokyo. The more likely a hike becomes, and the better it is prepared from a communication standpoint, the greater the downside risk for the pair. By contrast, any hint of caution or any sign that the decision may be pushed further out could quickly restore upward pressure on USD/JPY, especially if oil prices continue to rise while the US dollar remains strong. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

WTI and Brent Crude Oil Technical Analysis with key levels ahead of the long Easter weekendCrude Oil is once again in the center stage after yesterday's Trump addressVolatility will remain as long as Oil does not correct below $100 President Trump has just finished speaking in yet another public address, boasting that the ongoing conflict is so efficient and revolutionary, and comparing the long-lasting historical conflicts in the United States with the current advancement in objectives.But Markets don't care anymore. What they want to see is a proper solution for the Strait of Hormuz.Despite strong reactions to his speeches during the first days of the War, traders and algorithms have progressively stopped reacting to any overly optimistic announcement from the Administration. As a matter of fact, reactions to them are now doing the exact opposite.After his speech at the White House yesterday, Global Assets began to tumble from a sweep higher in Energy commodities – Crude prices rose in a flash from $100 to $114 (WTI). While Participants were becoming more hopeful that the conflict would end within the early-announced deadlines (5 weeks, then April 6), a more aggressive tone led to a Market-shaking explosion, as the party quickly finished and left a general hangover.Combine the worsening tone with high-tier catalysts ahead, like tomorrow's Non-Farm Payrolls (check our preview!), closed Stock Markets (only Futures will be open until 1:30 PM ET), and the potential for an escalation, including a ground invasion over the long weekend, and that was enough of a hit to blow up the tires from the bull-train.Talk won't be enough to soothe Markets in the long term – Oil is what Smart Money is looking to move their chess pieces in this gigantic geopolitical puzzle.Hence, let's dive right into an intraday outlook for both WTI and Brent Oil, highlighting their technical levels and outlining scenarios for their breakouts or breakdowns. Discover:Dow Jones & US Stock Market NFP levels: Wall Street scrambles for impossible certainty after the April Fool's fakeoutNFP Preview: Can the labor market withstand the "Stagflation" Storm? Implications for the DXY & Dow JonesThe April's Fool joke is over for Markets – A look around assets in the morning chaosCrude Oil Market Check and Technical Levels ahead of the Long WeekendWTI 4H Chart WTI Oil 4H Chart – April 2, 2026. Source: TradingView WTI has indeed reached concerning levels after yesterday's address, the second highest since the beginning of the conflict, bouncing on the 4H 50-period Moving Average.Evolving in two different bull channels, the larger one is less reactive but more concerning, pointing to the potential of another top at $120 if bears fail to correct prices.The second bull channel, of smaller scale, would see a potential top having already been formed, and would see its bottom at $100 – RSI is forming a bearish divergence which could prompt this smaller channel to hold.As long as WTI remains above $100, investors won't be able to generate much progress in sentiment. Tomorrow's Non-Farm Payrolls shouldn't have much effect on Oil but the general weekend risk will – Hence, traders will be listening closely to the advancement of the War.WTI Technical Levels:Resistance LevelsDaily highs $113.50 to $114.50 (small channel top)2022 and Monday highs $117 to $120 (larger channel top)Ukraine War Spike $120 to $124Support Levels$106 to $108 June 2022 Pivot$98 to $100 Momentum Support & 4H 50-period MA (bearish below)Pivotal Support $93.00 to $95$82.80 to $84 Key SupportWar flows Pivot $65.00 to $66.00Brent 4H Chart Brent Oil 4H Chart – April 2, 2026. Source: TradingView Brent is in a much more contained price action compared to WTI, effectively stuck in a $100 to $116 range since Mid-March.The range is now consolidating in a tighter trading between $102 to $114 which brings more definite breakout levels.Above the mini-range resistance ($111 to $114), expect further Market stressBelow $100 to $102 however, expect sentiment to rebound swiftlyThe worst case scenario is avoided in Markets as long as Brent does not break the War spike at $120 – After this, expect a catastrophic price action and rate hikes pricing to continue.Brent Technical Levels:Resistance LevelsRange Resistance $111 to $114War Highs $117 to $120Ukraine War Spike $130 to $135Support Levels$100 - $102 End-March and Range SupportEnd-March minor Support $95 to $97$88 - $92 March 10 Bounce and 200-MA$80 - $82 Key War SupportPre-War Gap $75Keep track of the headlines and watch out for large gaps and sweeps in coming periods (with many players absent for the Easter long weekend).Safe Trades!Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

US Stock Benchmarks rebound slightly with President Trump still attempting to calm MarketsOil prices are still playing tricks on broader sentiment, with the conflict now entering its fifth weekExploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Certainty is a fool's errand in recent market dynamics.The most seasoned traders would even admit that trading has never been about certainty. Still, more about careful planning and risk-taking – the former part is quite a daunting task with fundamentals changing by the minute.The latter, however, is where traders can extract alpha by controlling their bias, sizing, and jumping ship with every market-changing headline.Investors are looking for a dip to buy to profit from a real turn in the War. Still, despite better hopes for conflict resolution in the past week and a half, the overarching theme is one of fragile stability – De-escalation hasn't yet materialized with Iran multiplying attacks, reportedly now directly targeting US companies (including Amazon Web Services servers).On the other hand, US and Israeli attacks on IRGC infrastructures continue; nothing really changed there. But the largest panic component came after President Trump's latest address at the White House yesterday, where he U-turned on his prior softer tone.And that turn wasn't welcomed by broader assets, which all tumbled, including Stock Markets and Futures around the globe, right as his speech started.He did not mention a direct ground operation. Still, the Pentagon has been preparing for weeks of limited ground operation, which corroborates the deployment of Marines to the Middle East throughout last week.That doesn't bode well for any hopes of de-escalation.Once again, the only real element that traders should watch is Oil and its price movements. Before hoping for the best, WTI would have to remain below $100 on a daily close, and a weekly close would be even better.In any case, market volatility has been fragile, as volumes are lower amid the Passover and Easter holidays approaching, compounded by tomorrow's NFP release (preview incoming). After dumping during overnight futures trading, Stock Markets gapped lower at the open but have corrected most of the move as frantic algorithms and traders rush to close positions ahead of major risk events ahead, not even counting the long-weekend!To gauge today’s market direction, let’s examine the intraday charts and trading levels for the major US indexes: the Dow Jones, Nasdaq, and S&P 500. Discover:The April's Fool joke is over for Markets – A look around assets in the morning chaosEuro area inflation rises on energy shock, core trends stay limitedMarkets Today: Oil surges 8% & stocks retreat as Trump keeps investors guessing, FED speakers & NFP aheadCurrent Session's Stock Heatmap Current picture for the Stock Market (12:12 PM ET) – Source: TradingView – April 2, 2026 After consecutive positive session, the picture has changed quite drastically – Now mostly red, only a few smaller names are in the green.Tesla is leading Mega Caps lower as Elon Musk officially filed the SpaceX IPO, expected to be the most-expensive IPO ever.For the rest, apart from Healthcare tumbling in harmony, the selloff is erratic, pointing at broad Index selling.Dow Jones 4H Chart and Trading Levels Dow Jones (CFD) 4H Chart – April 2, 2026 – Source: TradingView The Dow broke out of its War downtrend, but the current market conditions are more mixed than bullish.Despite a break retest attempt, a full break above 47,000 will be required to push for a more bullish action ahead. Markets will be closed tomorrow, so traders will have to look at Futures to get their guides to the action:A daily close above 47,000 brings back the rebound attemptFalling back below 45,800 however hints at further downside ahead.Dow Jones technical levels for trading:Resistance LevelsSession highs 46,900Pivotal Resistance 47,000 +/- 100 Points (bullish above)Minor Resistance 47,500 to 47,650Key Resistance at 48,000Support Levels45,700 to 45,900 Momentum PivotJanuary 2025 Highs and War Lows 45,280Channel and Morning lows 44,840Next Minor Support 44,200 to 44,500Major Support 43,500 to 43,750Nasdaq 4H Chart and Trading Levels Nasdaq (CFD) 4H Chart – April 2, 2026 – Source: TradingView Nasdaq also erased most of its losses, getting back to a more neutral momentum, but will have to break and close above 24,000 after NFP to confirm chances of a prolonged rebound.24,200 breaking would confirm the bullish momentumFalling back below 23,600 on the other hand puts bears back in controlNasdaq technical levels of interest:Resistance LevelsMajor 2026 range lows 23,800 to 24,00024,200 (bullish above)24,450 to 25,550 resistanceKey Resistance 25,000 to 25,200 (Range highs – Long-term Bullish above)Support LevelsAugust 2025 Pivot 23,500 to 23,650 (bearish below)22,900 to 23,000 higher timeframe major support22,600 August 2025 Support ZoneEarly 2025 ATH at 22,000 to 22,229 SupportS&P 500 4H Chart and Trading Levels S&P 500 (CFD) 4H Chart – April 2, 2026 – Source: TradingView The S&P 500 is remaining solidly in its war bear channel, which is the most consistent to keep your eyes on in order to determine if bulls are back in control or not (implying that for now, they still are not).For the Spoose, bulls will want to see a break above 6,600Bears on the other hand will want to maintain the bear channel and see a daily close below 6,500.S&P 500 technical levels of interest:Resistance Levels6,570 to 6,600 Main Pivotal resistance6,680 to 6,700 Mini-resistance6,740 Key intraday resistancePivotal Resistance 6,770 to 6,800Support Levels6,490 to 6,512 October lows Pivot6,442 Past week dip6,360 to 6,380 Key August 2025 Support6,300 psychological level Channel LowsJanuary 2025 ATH 6,152Safe Trades and Keep track of headlines and Bitcoin over the weekend!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Consensus for the March employment report includes a historically sluggish NFP rebound (+50,000 to +65,000) and sticky Average Hourly Earnings (+0.3% to +0.4%).A "Stagflation Shock" (low jobs growth under 50k plus high wages over +0.5%) is the worst-case scenario for the Dow Jones, as it traps the Fed from cutting rates.Market reactions are split: a bullish NFP beat (>100k) could propel the DXY toward the 100.50 resistance, while a "Goldilocks" outcome (70k–90k) would be cheered by the Dow.Most Read: Q2 2026 US Indices (Dow Jones, S&P 500 & Nasdaq 100) Outlook – Resilience or retracement?As the market gears up for the April 3rd Non-Farm Payrolls (NFP) release, the narrative has shifted significantly. We are no longer just looking at "hot" or "cold" labor data; we are looking at a Federal Reserve caught between a rock and a hard place, balancing a cooling labor market against a geopolitical oil shock that is threatening to reignite inflation.Looking at the labor market picture and the chart below shows that firms were not even willing to to hire before the crisis began. Source: ING, Macrobond Here is my preview of what to expect from the March employment report and how the US Dollar and Dow Jones might react.Following a jarring February print that saw a decline of 92,000 jobs, the consensus for March is looking for a modest recovery. However, with "Operation Epic Fury" in the Middle East and the closure of the Strait of Hormuz pushing Brent crude back above $100, the Fed’s focus has pivotally shifted from "supporting growth" back to "fighting energy-driven inflation."The numbers to watchHeadline NFP: Consensus sits around +50,000 to +65,000. While a rebound from February’s contraction, this remains a historically sluggish figure.Unemployment Rate: Expected to hold steady or edge up slightly to 4.4% or 4.5%.Average Hourly Earnings (m/m): Forecasted at +0.3% to +0.4%. This is the "danger zone", if wages remain sticky while jobs growth slows, the "Stagflation" narrative will gain serious legs. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Market Implications: The "three-way" split 1. The US Dollar Index (DXY): Testing the CeilingThe DXY has been oscillating within a 95.50–100.50 range, largely buoyed by safe-haven flows.Bullish Scenario (NFP > 100k): A surprise beat would confirm the "war economy's" resilience. Traders would likely price out any remaining 2026 rate cuts, propelling the DXY toward the 100.40–100.50 resistance barrier.Bearish Scenario (NFP < 30k): A significant miss would validate "hard landing" fears. We could see the DXY retreat toward the 98.00 support level as markets bet the Fed will be forced to pivot to support the economy despite the oil shock.2. The Dow Jones (DJIA): Seeking a "Goldilocks" SaveThe Dow has recently endured a "tailspin," including heavy intraday slides as the "AI honeymoon" of early 2026 meets the reality of geopolitical risk.The "Goldilocks" Outcome (70k–90k): Equities would cheer a moderate number. It suggests the economy is cooling enough to justify future easing without signaling a total collapse in consumer demand. Look for a push back toward the 49,000 handle.The Stagflation Shock (Low Jobs + High Wages): This is the worst-case scenario. If payrolls miss (under 50k) but wages jump (+0.5%), the Dow could face a fresh sell-off toward 48,000. This scenario traps the Fed—they can't cut to help the economy because wages and oil are fueling the inflation fire.Technical Outlook & Final Thoughts From a technical perspective, the markets are showing signs of exhaustion. The US Dollar is forming what looks like a triple top near 100.50, while the Dow is desperately clinging to psychological support levels.With most markets closed on Friday for the Easter break, the real "fireworks" may be delayed until the Monday open.Market participants should keep a close eye on the revisions to the February data, if that -92k figure is revised even lower, the "low-hire, low-fire" stabilization narrative might crumble, giving way to a much deeper concern about the health of the American consumer.US Dollar Index (DXY) Daily Chart, April 2, 2026 Source: TradingView (click to enlarge) The "North Star" for the Fed is moving. If the NFP provides a hawkish surprise, the "Higher-for-Longer" mantra is back with a vengeance. If it misses, the Fed's 3.50%–3.75% hold might be shorter than they’d like to admit.Stay disciplined, watch your levels, and keep an eye on the headlines.Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Trump's address at the White House yesterday evening brought back old Market demons.A more positive narrative was just nascent as the tone surrounding the US-Iran war seemed to ease significantly in recent days. But the US President's behavior is erratic, if not completely frantic.Since last Monday morning, his communication on the war has increasingly expressed an ambition to get things over with, pushing for negotiations. But the Iranian side did not seem to agree to some heavy demands during indirect exchanges, and the US side could be losing patience.As highlighted in our past day's Wrap, after a first leg higher, investors would have needed to see more concrete progress – if it's not diplomatic, it at least needs to be seen in commodity prices.Failing to remain below $100, and with Trump reawakening rumors of a potential ground operation, traders quickly cut out their hopes for peace, which now almost looks like an April Fool's joke, this time stealing investors' time and money.WTI spiked to $114 overnight and has remained above $110 since, with tensions still elevated and volumes lower due to the Passover Holiday – Not many will want to fight this pricing ahead of Good Friday (Stock Markets closed tomorrow), which combines with the NFP release and Easter Monday. WTI Crude 1H Chart – April 2, 2026 – Source: TradingView The energy commodity spiked an impressive 14% overnight after Trump's speech, which, quite frankly, did not add much to what had been said previously, but the fact that his tone grew more threatening again definitely reignited uncertainty.For those interested, you can check out these highlights from his speech. Nothing really new there, apart from the possibility that a ground operation could come closer (the risk was already known, maybe voluntarily cast aside by Market participants).After the speech, global assets took a huge turn to the downside, while volatility and the US Dollar did the exact reverse.Reactions have been massive – Check out the inverted Oil and Dow Jones (inverted) correlation still holding strong, particularly on WTI rallies. Oil and Dow Jones Inverted correlation. Source: TradingView Metals said bye-bye The pricing had been optimistic in Metals, which are now acting as if they were traditional risk assets. Still, fragile pricing leads to catastrophes – particularly when neither side has confirmed the narrative.Buy the rumors, sell the rumors, they said. Precious Metals Asset Board – April 2, 2026. Courtesy of Finviz With WTI slightly easing off its overnight highs, precious metals are attempting to rebound. Still, they will be met with weak positioning, as the largest traders are standing on the sidelines, awaiting tomorrow's stormy Market conditions to abate(as mentioned in the introduction).Silver remains the most reactive to movements in commodities and is more volatile than its Yellow counterpart, making it the best Metal to observe to test Market mood. Silver (XAG/USD) 4H Chart – Source: TradingView. April 2, 2026 Rejecting its Momentum Pivot, the action remains more bearish than bullish.Bulls will want to see the mini-uptrend holding to withhold further selling pressure.Stock Markets tumble at the open, attempt a rebound Dow Jones (CFD) 2H Chart – Source: TradingView. April 2, 2026 These Markets are losing their heads after a gigantic gap lower at the open. Buyers are stepping back in, pricing another Trump TACO ahead of a long weekend.But this shouts a bull trap as long as prices fail to breach 47,000 on the Dow Jones. With fewer players trading Markets, such brutal up-and-down moves tend to see fewer participants reprice the narrative.For now, with Oil retracting further and an Iran-Oman protocol for Hormuz drawing out, the action is turning again.Watch out for high volatility and potential large swings, as Markets have only been moving on erratic headlines over the past 24 hours – the action could only get clearer on Tuesday when Volumes pick up again!Bonds could now be pricing higher risks of recession ahead Bonds Asset Board – April 2, 2026. Courtesy of Finviz Bonds are rallying (Yields, and inflation expectations drop) as persistently elevated Oil levels could now be priced to drag the global economy further.US Treasuries could also be getting lifted by the Blue Owl Credit stress that has now been drawing for a little while, and remains one of the most ignored risk catalyst (acknowledged by Powell in his recent speech).This narrative could only be confirmed after tomorrow's NFP and once again, Tuesday will be the decisive timing to see if the Market is really serious on its optimism or if this entire theme is just a large bull-trap.Keep a close eye on the headlines and make sure to control sizing in such an erratic environment.Safe Trades and good luck for the rollercoaster trading ahead!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Key takeaways Risk-off sentiment returns: Trump’s hawkish rhetoric on Iran dashed de-escalation hopes, reigniting stagflation concerns and triggering a broad risk-off move, equities, AUD/USD, and Asian markets fell, while oil surged and the US dollar strengthened.Equities and risk assets remain under pressure: S&P 500, Nasdaq 100, and AUD/USD show renewed bearish momentum after failed rebounds, with technical setups pointing to further downside unless key resistance levels are reclaimed.Divergence in commodities: WTI crude oil remains supported in a bullish uptrend above key levels, while gold’s recent rally appears corrective, with risks of a bearish breakdown as momentum weakens. US President Trump’s evening prime-time speech on Wednesday, 1 April at 9.00 p.m. Washington time does not offer any new information to global financial markets. A quick recap: Trump highlighted earlier on Tuesday, March 31, that the US-Iran war will “end soon” within the next two to three weeks.Interestingly, Trump has indirectly issued a more “hawkish rhetoric” towards the Iranian leadership in his prime-time national address, stating that the US will hit Iran “extremely hard” in the next two to three weeks, and added that the US will also strike Iran’s electric plants if there is no deal.Overall, there is no clear indication of a forthcoming “de-escalation” from Trump, which in turn brings the stagflation risk narrative back to the forefront again.How do the markets react? Risk-off mode at this time of writing.WTI crude oil +5.8% at around $104 per barrelBrent crude oil +6.4% at around $106 per barrelUS Dollar Index +0.4%AUD/USD -0.6%Gold (XAU/USD) -1.7%S&P 500 & Nasdaq 100 E-mini futures -1.1% & -1.3%Japan’s Nikkei 225 -2.2%Hong Kong’s Hang Seng Index -1.1%China’s CSI 300 -0.7%South Korea’s KOSPI 200 -4.7%Singapore’s Straits Times Index -0.7%We have highlighted in our earlier detailed report that the prior three-day rebound seen on the three major benchmark US stock indices, S&P 500, Nasdaq 100, and Dow Jones Industrial Average are likely a mean reversion rebound sequence (dead cat bounces) within their respective medium-term downtrend phases.Read more: Chart alert: US stock indices rally smells like a dead cat bounce – outlook on S&P 500, Nasdaq 100, and Dow Jones (DJIA)Let’s focus now on the short-term trajectory (1 to 3 days) on the S&P 500, Nasdaq 100, AUD/USD, Gold (XAU/USD), and WTI crude oil from a technical analysis perspective.S&P 500 - Bearish reaction at descending channel resistance with bearish momentum Fig. 1: US S&P 500 CFD index minor trend as of 2 Apr 2026 (Source: TradingView) The price actions of the US S&P 500 CFD index (a proxy of the S&P 500 E-mini futures) have staged a bearish reaction right after a retest on its 20-day moving average and upper boundary of a descending channel in place since 26 February 2026 high (see Fig. 1).In addition, the hourly RSI momentum indicator has staged a bearish breakdown below its former ascending trendline support after it flashed a bearish divergence condition at its overbought zone.Watch the 6,600 key short-term pivotal resistance, and a break below 6,455 near-term support is likely to trigger another potential bearish impulsive down move sequence to expose the next intermediate supports at 6,327/6,290 and 6,218/6,210.However, a clearance above 6,600 invalidates the near-term bearish scenario for an extension of the mean reversion rebound towards 6,648/6,730 zone.Nasdaq 100 – Bearish reaction below 20-day moving average with bearish momentum Fig. 2: US Nasdaq 100 CFD index minor trend as of 2 Apr 2026 (Source: TradingView) The price actions of the US Nasdaq 100 CFD index (a proxy of the Nasdaq 100 E-mini futures) have staged a bearish reaction below its downward-sloping 20-day moving average, coupled with the hourly RSI momentum indicator’s bearish breakdown below its key ascending trendline support (see Fig. 2).Watch the 24,047/24,177 key short-term pivotal resistance, and a break below 23,400 near-term support is likely to trigger another potential bearish impulsive down move sequence to expose the next intermediate supports at 23,085 and 22,800/22,680.On the other hand, a clearance above 24,177 invalidates the near-term bearish scenario for an extension of the mean reversion rebound towards the 24,355/24,537 zone.AUD/USD – En route towards the lower limit of the descending channel Fig. 3: AUD/USD minor trend as of 2 Apr 2026 (Source: TradingView) The minor corrective mean reversion rebound seen on the AUD/USD from its swing low of 0.6838 printed on Monday, 30 March 2026, is likely to be over (see Fig. 3).Watch the 0.6910/0.6938 key short-term pivotal resistance, and a break below 0.6838 is likely to trigger a potential fresh bearish impulsive down move sequence to expose the next intermediate supports at 0.6780/0.6760 and 0.6710 (also close to the key 200-day moving average).However, a clearance above 0.6938 invalidates the near-term bearish scenario for an extension of the mean reversion rebound towards the next intermediate resistance at 0.7000/0.7015 (also the 50-day moving average).Gold (XAU/USD) – At risk of a “bearish flag” breakdown below $4,775 key resistance Fig. 4: Gold (XAU/USD) minor trend as of 2 Apr 2026 (Source: TradingView) The recent seven-day rally (high to low) of 17% from the 23 March 2026 low seen in Gold (XAU/USD) is likely to be a corrective mean reversion rebound in the form of a “bearish flag” within its medium-term downtrend phase (see Fig. 4).The bullish momentum of the 7-day rally is getting exhausted. The hourly RSI momentum indicator has just staged a bearish breakdown below its key ascending trendline support after a prior bearish divergence condition at its overbought zoneWatch the $4,775 key medium-term pivotal resistance, and a break below $4,524/4,486 support (the lower boundary of the “bearish flag”) is likely to trigger another potential minor bearish impulsive down move sequence in the first step to expose the next intermediate supports at $4,319 and $4,167/4,099 (also the key 200-day moving average).On the flip side, a clearance above $4,775 invalidates the near-term bearish scenario for an extension of the mean reversion rebound towards the next intermediate resistance at $4,980/5,039 (also the 50-day moving average).WTI crude oil – Bulls find support above 20-day moving average, traded back above $102.25 Fig. 5: West Texas oil CFD minor trend as of 2 Apr 2026 (Source: TradingView) The intraday sell-off seen on Wednesday, 1 April 2026, for West Texas oil CFD (a proxy of the WTI crude oil futures) has been erased as its price actions trade back above $102.25 (see Fig. 5).Watch the $96.44/93.70 key short-term pivotal support (close to the 20-day moving average) to maintain a potential fresh minor impulsive up move sequence towards $116.56/119.54 in the first step within its medium-term uptrend phase.A clearance above $116.56/119.54 opens scope for the next intermediate resistance to come in at $124.40 follow by the major resistance of $131.30/132.67, seen during the onset of the Russia-Ukraine war.On the other hand, a break below $93.70 negates the bullish tone for a slide towards the medium-term pivotal support zone of $88.36/86.50. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Bitcoin (BTC/USD) has started the new quarter with renewed optimism, snapping a five-month losing streak.Institutional demand is returning, as Bitcoin spot ETFs recorded over $117 million in inflows on Tuesday, concluding March with $1.32 billion in total inflows and effectively ending a four-month streak of net withdrawals.The technical outlook is cautiously optimistic with a sustained daily close above $72,600 being the key confirmation for a fast move toward the $80,000.Most Read: Q2 2026 US Indices (Dow Jones, S&P 500 & Nasdaq 100) Outlook – Resilience or retracement?Bitcoin (BTC/USD) has kickstarted the new quarter with a renewed sense of optimism, snapping a grueling five-month losing streak, its longest since 2018. After a bearish start to the week, the premier cryptocurrency has caught a bid in early Wednesday trade, reclaiming the $68,500 handle and teasing a breakout toward psychological resistance at $70,000.The shift in sentiment is palpable as a combination of institutional re-engagement and a sudden de-escalation in Middle East tensions provides the "risk-on" spark that bulls have been waiting for. Source: TradingView Early Trade: Macro Tailwinds and the "Trump Reversal" The early move today saw Bitcoin briefly touch $69,300, buoyed by headlines suggesting a diplomatic path forward in the US-Iran conflict.President Trump’s recent signals regarding a limited four-to-six-week military timeline, coupled with conciliatory remarks from Iranian President Masoud Pezeshkian, have allowed markets to price out some of the "war premium" that has weighed on risk assets.From a fundamental perspective, the "dry spell" in institutional demand appears to be ending. Bitcoin spot ETFs recorded over $117 million in inflows on Tuesday, the second consecutive day of positive growth.More importantly, March concluded with total ETF inflows of $1.32 billion, effectively ending a four-month streak of net withdrawals. This may be seen as a suggestion that the "smart money" is beginning to view the sub-$70k levels as an attractive entry point for Q2.The "Strategy" Factor: Saylor’s Accumulation Engine Restarts A significant driver for this week’s price action is the resurgence of Michael Saylor’s "Strategy" (MSTR) as a primary buyer. With the company's STRC preferred stock trading back above its $100 par value, the window for capital raising has reopened.Estimates suggest Strategy is positioned to acquire over 1,100 BTC (~$76.25 million) this week alone. Historically, Bitcoin has shown a strong correlation with MSTR’s buying cycles, often rallying significantly when the company’s accumulation engine is in full gear.The Road Ahead: Momentum vs. History While the "hopium" is high, we must remain objective. Historical data from CoinGlass shows that while April is typically a "green" month (averaging 12.2% returns), Bitcoin has a habit of reversing its March trend. Since March closed slightly in the green, contrarians might argue for a cautious outlook.However, if history repeats the 2018/2019 cycle where breaking a multi-month losing streak led to a 300% rally, the current consolidation might just be the launchpad for a historic Q2.Technical Analysis: A Squeeze Toward $80,000? Looking at the charts, Bitcoin’s recent bounce from the $60,000 floor, which many now view as a local bottom is technically significant. The pair has successfully retested the lower boundary of a prevailing bear flag pattern and held.Despite the retreat below $70,000, the technical outlook remains cautiously optimistic rather than bearish. The trendline break on the H4 chart below also reinforces this idea of a move to the upside.I will be watching the $71,000 level closely; a break here confirms that the bulls are back in the driver's seat with $80,000 firmly in their crosshairs.Key Levels to Watch:Resistance: The immediate hurdle sits in the $69,300 - $71,000 zone. This area is congested with the 50-day EMA and a massive supply zone where roughly 650,000 BTC were previously acquired. A sustained daily close above $72,600 would be the "smoking gun" for bulls, likely triggering a fast move toward $80,000.Support: On the downside, the $65,900 level remains pivotal. Should we lose this, the 200-week SMA near $59,400 would be the final line of defense before a deeper correction toward the $50,000 psychological mark.Bitcoin (BTC/USD) Four-Hour Chart, April 1, 2026 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Mid-Week review where we dive into the major developments for North American and global MarketsMarkets are now insisting more on the fact that the end of the War could be approaching, with the narrative turning towards resolutionAfter pushing above $100, WTI is now testing a pullback below the psychological level, leading to a rush to risk-assets Log in to our mid-week North American Markets overview, where we examine current themes in North America and provide an overview of index and currency performance.The change in narrative compared to the disastrous end of last week was so swift that it could be easy to wonder if this isn't just an April's joke – Although this one would be at a massive benefit for global investors.After ~10% drops across North American Indexes, pessimism had begun to dampen the mood severely – participants were starting to price in an endless conflict, akin to Afghanistan or Iraq, which gave a pretty nasty outlook for already elevated Oil prices.WTI Crude is now back closer to $100 from $105, little progress but much better than what previous rises were pointing towards, as uncertainty gets shunned further. Lots of progress will still have to be made to push for a real correction in the commodity. Oil 4H Chart. April 1, 2026 – Source: TradingView As mentioned in our past Mid-Week recap, investors will still be looking at whether tankers can really flow through Hormuz and if global Oil prices can take a consistent turn to the downside. Some technical elements at least point in that direction.Russia did indicate that Iran was moving to allow more tankers to go through Hormuz, but Markets won't be as positive if it's only for Iranian allies.Go check out our fresh in-depth WTI Analysis right here.At least, Stock Market Bulls haven't wasted the opportunity, pushing all major US Indexes to a swift rebound in last day's trading, with the move only starting to get traction. To generate a persistent move higher, traders will have to see a proper resolution.The buying has been a bit more erratic this morning, even with Indexes pushing higher with headlines from Tehran indicating that "the Strait of Hormuz won't be reopened based on Trump's displays", which marks how cloudy the picture still really is.After a strong open that took Nasdaq up above 1%, buyers are slowly backing off and taking profits while waiting for a clear path ahead.Apart from Iran, traders continue to receive decent US economic data, with beats in Retail Sales and Manufacturing PMIs that contrast yesterday's lower Job Openings data.We are now seeing the impact of the conflict on data, and this should continue to affect upcoming releases, so it will be interesting to see whether the economy is really getting sapped by energy prices or if it is really the well-oiled tank it has been in recent years. Wednesday Morning US Data. April 1, 2026 – Source: TradingView Retail Sales released at +0.6% (vs 0.5%), a first beat in the data since November 2025; while Manufacturing PMIs beat expectations by 0.2. Little progress, but we are still far from a recession, based on how things are looking.Traders will be closely watching macro data as Central Bankers focus on the impact of the War on economic performance to decide whether rate hikes will really be necessary (or if rate cuts would actually be warranted). Let's dive right into our Mid-Week North American Markets recap. Read More:Brent-WTI falls to 2026 lows! Oil corrects as War resolution nears – WTI OutlookEuro comes out swinging: Can the "Trump Reversal" sustain EUR/USD's upside bias?Chart alert: US stock indices rally smells like a dead cat bounce – outlook on S&P 500, Nasdaq 100, and Dow Jones (DJIA)North-American Indices Performance North American Top Indices performance since last Wednesday – April 1, 2026 – Source: TradingView The recovery has been wild especially when contrasting with Friday's global tumble, with higher beta Indexes like the German Dax and the Canadian TSX taking the lead.Expect to see more of this if the narrative continues to ease.Dollar Index 4H Chart Dollar Index 4H Chart, April 1, 2026 – Source: TradingView The Dollar Index has formed a clear double top and has retraced strongly since, back below the key 100.00 mark.Don't hesitate to check out our past session's US Dollar in-depth checkup to learn more!Levels to place on your DXY charts:Resistance Levels100.00 to 100.50 Main resistance and Range highsWar Highs 100.544 (Double Top)May 2025 Resistance 101.30 to 101.80Major Weekly Resistance 102.50 to 103.00Support Levels99.70 mini-support99.40 to 99.50 Momentum Pivot (bearish below)98.70 to 99.00 Support98.00 Key Mid-Range SupportSupport 97.40 to 97.602025 Lows Major support 96.50 to 97.00US Dollar Mid-Week Performance vs Majors USD vs other Majors since last Monday, April 1, 2026 - Source: TradingView The US Dollar profited from its end-week resilience, but with the turn in narrative and the double top in the Dollar Index, it will be interesting to see if it can hold its elevated levels.By the way, April seasonals for the US Dollar are not supportive, being the worst month for the currency in the year. US Dollar Seasonal performance throughout the first quarter – Source: Market-Bulls.com Canadian Dollar Mid-Week Performance vs Majors CAD vs other Majors, April 1, 2026 - Source: TradingView. The Canadian Dollar has now been struggling against most FX Majors despite Oil's persistent rebound.Despite last day's beat in Canadian GDP, the release remains an outstander compared to recent misses in Inflation and PMIs – So better activity will have to be marked to confirm a more consistent rally in the Loonie.Intraday Technical Levels for the USD/CAD USD/CAD 4H Chart, April 1, 2026 – Source: TradingView USD/CAD has now reached the upper bound of its 1.3550 to 1.3950 large range, rejecting resistance but facing mixed fundamentals ahead, with corrections in WTI affecting negatively both currencies.Levels of interest for USD/CAD:Resistance Levels1.39 to 1.3925 Support turned resistance1.3950 mini-resistance (Range highs and recent top)1.40 Major ResistanceSupport Levels1.3850 Momentum Pivot1.38 Mini-support +/- 150 pips1.3750 Pivotal Support1.3630 to 1.3660 Key Support1.3550 Main 2025 Support (Range Lows)October 2024 Support 1.3450 to 1.35US and Canada Economic Calendar to next Wednesday US and Canadian Data towards next Wednesday, MarketPulse Economic Calendar The largest event is clearly the Non-Farm Payrolls, with traders still awaiting to see a labor picture after the rollercoasters observed in the last few months.For the rest, keep a close eye on Middle East Developments.Safe Trades!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

Gold (XAU/USD) prices have broken above the key $4,600/oz psychological barrier.Middle East tensions are escalating as diplomacy stalls and the US continues a military buildup, fueling market uncertainty.The rare negative correlation between Crude and Gold appears to be shifting, with rising Oil prices potentially benefiting Gold by compressing real interest rates and bringing back the "inflation hedge" narrative.Gold needs to find acceptance above the $4600/oz handle for bullish momentum to continue.Most Read: Q2 2026 US Indices (Dow Jones, S&P 500 & Nasdaq 100) Outlook – Resilience or retracement?Gold prices have risen over the last two days to pierce above a key psychological barrier at the $4600/oz handle. The precious metal is eyeing acceptance above this level which could lead to further upside in the days ahead, if the geopolitical picture remains supportive.Middle East Tensions: Diplomacy stalls as military buildup adds to market uncertainty Hopes for a swift de-escalation in the Middle East have taken a hit as Iran signals a clear reluctance to engage in direct negotiations with the US. This friction is undermining what was already a fragile diplomatic process, leaving market participants wary of a prolonged standoff.Iranian President Pezeshkian summed it up by saying Iran was attacked twice during the talks, proving the US does not believe in diplomacy. However, he followed this up by saying that Iran is ready to end the war, but wants guarantees. This mixed messaging is similar to what we have been seeing from the US administration as well.Adding fuel to the fire, the US continues to deploy additional troops and military assets to the region. As uncertainty climbs, the focus remains firmly on how these developments will impact broader market sentiment and the demand for safe-haven assets.Oil and Gold correlation shifts Since the onset of the conflict in the Middle East, we have witnessed a rare and sustained negative correlation between Crude and Gold. Usually, these two move in tandem as hedges against geopolitical risk.However, the recent spike in Oil prices forced a massive repricing of Fed expectations:Rising Oil = Inflationary Pressure: As energy costs soared, markets were forced to price out previously anticipated Fed rate cuts.Gold’s Sensitivity: With the "pivot" narrative delayed, Gold lost its luster as a non-yielding asset, leading to the sharpest decline in nearly two decades.The tide may be turning. Over the last few sessions, we’ve seen Gold and Oil begin to rise at the same time, a signal that the negative correlation is changing.With Fed funds futures now effectively ruling out further rate cuts, but the market remaining skeptical of additional hikes, we enter a new phase. If the Fed remains on hold while Oil continues to climb, inflation expectations will naturally rise. This scenario would lead to a compression in real interest rates (nominal rates minus inflation).As long as the Fed remains sidelined and refuses to entertain further hikes, rising Oil prices may actually provide a tailwind for Gold by dragging real yields lower.For gold bugs, the "inflation hedge" narrative might finally be back on the table.Where to next? The US dollar is still playing a role and with high impact US data ahead this week we could still see some volatility.However, it is Easter this weekend and thus the closer to the weekend we get the greater the probability that we could see a thinning of liquidity and thus some sideways price action.Market participants will still be keeping a close watch on the geopolitical developments in the Middle East and any changes to the situation could impact gold prices. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Outlook - Gold (XAU/USD) Gold (XAU/USD) is showing signs of a technical recovery on the H4 chart, successfully reclaiming the $4,600 handle.After a period of aggressive selling, price action has established a solid ascending trendline, suggesting that the "buy the dip" mentality is returning to the market.Key Levels to Watch:Resistance: The immediate hurdle sits at $4,700. A sustained break above this level could open the door for a retest of the $4,800 area.Support: The recent pivot at $4,500 remains a crucial psychological floor. As long as the ascending trendline holds, the bullish structure remains intact.The RSI is currently hovering around 62, indicating that while momentum is positive, there is still room to run before hitting overbought territory. Bulls will be looking for a daily close above $4,600 to confirm this recovery phase.Gold (XAU/USD) Four-Hour Chart, March 31, 2026 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.

US Stock Benchmarks are now attempting a more significant bounce from recent lows as the War narrative easesTaking a step back to daily charts for Stock Indexes to determine if today's rebound is a bull-trap or an actual opportunityExploring Daily Charts for the Dow Jones, Nasdaq and S&P 500 When the Trump Administration pivots, it does in a flash.And after the five weeks of War, the initial deadline is coming to its end – the US President implied that he would leave the defense of the Strait of Hormuz to European and Asian nations that have been reluctant to act in the region since the beginning of the month.This would be yet another return to the infamous America First policy, this time leaving more dire consequences around the old Continents with Military operations now reaching their peaks, with Gulf countries and Europe having to deal with the post-conflict protection.Despite this resolution potentially marking a more unstable future outlook, Markets are taking a breather from the persistent selloff seen throughout recent weeks.Tumbling about 10% across all Benchmarks, US Indexes are reaching interesting technical levels – The idea is that with forward-looking Markets, and US interests (seemingly) protected, investors could slowly ease up on their bearish fears.Crude prices remain dangerously high when assessing the dampening effect the 50% rise will have on the global economy which has been slowing its post-COVID ascent.WTI is holding around $105 while Brent eased significantly to $107 – Check out our past day scenarios for Oil prices and key levels. Developed Economies' Growth is slowing – Source: EY Strategy As long as energy commodities' prices don't correct, it will be difficult to remain so optimistic.But at least, Investors can start to shun some of their uncertainty regarding escalations.This entire narrative is certainly not over yet, and reactions could be larger on an official announcement – However, we might be nearing the conflict's maximum point.Today, we will take a step back to spot where recent Market corrections took US Benchmarks – Let’s examine the Daily charts and trading levels for the major US indexes: the Dow Jones, Nasdaq, and S&P 500 to spot if this is indeed a longer-run investment opportunity. Discover:USD Double Top as Markets slowly price end of War – US Dollar Index (DXY) outlookMarkets Today: China factory activity surges, French inflation jumps, FTSE 100 eyes further gain as data releases lie aheadIs the War really reaching its end? Assets bounce despite Oil rally – Market CheckCurrent Session's Stock Heatmap Current picture for the Stock Market (11:56 AM ET) – Source: TradingView – March 31, 2026 The rebound from the previous session continues and is now way more widespread, particularly in the key Tech and Manufacturing sectors.Mega Caps are actually leading today's rally with Nvidia up 3%, Google and Amazon following suit – Even in more defensive sectors like Healthcare and Finance, Market leaders (JP Morgan, Eli Lilly) are pulling the rest of the Market higher.This marks a defensive optimism where investors are still looking for the most quality stocks in order to avoid a more brutal comedown in case the narrative sours.Dow Jones Daily Chart and Trading Levels Dow Jones (CFD) Daily Chart – March 31, 2026 – Source: TradingView The Dow Jones is still evolving in its major pullback downtrend, reacting significantly to the 45,000 Major Support (Early 2025 record).The price action remains bearish on the mid-term, but after an 11% correction, some small, progressive dip-buying at this key level could be justified for longer-run.This technical setup is supported by the past session's failed lows (new cycle trough but didn't close below) and a large bullish divergence forming.One element to consider is whether bulls can manage a break out of the downward channel (daily close above 46,000)The Momentum will only be mid-term bullish above the 200-Day MA (46,820)The next stop will be the 50-Day MA, above this, expect Markets to regain an easy path to all time highsTo check out intraday technical levels, check out our past day analysis!Dow Jones Daily technical levels for trading:Daily Resistance Levels46,000 to 46,700 November Pivot (bull above)46,820 200-Day MAIntraday Momentum Resistance 47,500 to 47,650Key Resistance and 50-Day MA at 48,000Daily Support LevelsJanuary 2025 Highs and War Lows 45,280Channel and Morning lows 44,840Next Minor Support 44,200 to 44,500Major Support 43,500 to 43,75036,600 Liberation Day LowsNasdaq Daily Chart and Trading Levels Nasdaq (CFD) Daily Chart – March 31, 2026 – Source: TradingView Nasdaq is rebounding steeply after reaching levels not seen since July 2025 at 22,800.The price action certainly less bullish compared to the Dow Jones, by having failed to form a bull divergence on its daily RSI, and seeing relative weakness in recent trading.This would hint at Nasdaq underperformance in coming weeks even if the War brings further optimism in Markets (rotation towards more defensive).Still, this doesn't prevent to hunt for interesting Tech individual stocks that have seen heavy discounts since late 2025.The most discouraging development for Nasdaq, to keep your eyes on in coming days, is the potential Death-Cross that seems to be forming (50-Day MA crossing the 200-Day MA). Tracked by large investors, this may provide further danger in the Index.To check out intraday technical levels, check out our past day analysis!Nasdaq Daily technical levels of interest:Daily Resistance LevelsMajor Daily Pivot 23,600 to 24,000 (more neutral above)Minor resistance at 23,750 (bear channel mid-level)Major 50 and 200-Day Moving averages ~24,500 Current All-Time High resistance 26,000 to 26,330Daily Support Levels23,000 Major July 2025 Support and War lows22,000 to 22,229 (Early 2025 ATH) Support Zone21,000 Psychological minor Support20,000 to 20,500 May Bounce Support16,335 - Liberation Day 2025 LowsS&P 500 Daily Chart and Trading Levels S&P 500 (CFD) Daily Chart – March 31, 2026 – Source: TradingView The S&P 500 is subject to less aggravating technical pressure than the Nasdaq, but also hasn't formed as consistent of a rebound as the DJIA.Still, bouncing on a key support at 6,300 to 6,400, slow and steady dip-buying would be sensical. Above 6,560, the path for a return to further bullishness is clear, as this would also coincide with a breakout from the Index's War downtrend. War lows are at 6,300, hence watch out if they break.To check out intraday technical levels, check out our past day analysis!S&P 500 Daily technical levels of interest:Resistance LevelsMini 6,500 to 6,560 Resistance6,570 to 6,600 Pivotal intraday resistanceMajor Key Resistance 6,600 to 6,700 (Bullish above)50-Day MA 6,800Current All-Time High Resistance, Range Highs 6,900 to 7,000DailySupport LevelsJune 2025 ATH 6,300 to 6,400 Major Support and current LowsMini 6,200 SupportEnd 2024 ATH 6,000 Major SupportJuly 2024 5,500 Mini-Support4,812 Liberation Day lowsSafe Trades and Keep track of headlines!Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc.