Short term trading strategy for major foreign exchange currencies on April 2nd

2025-04-02 2718

Technically speaking, the US dollar index encountered resistance below 104.40 on Tuesday, while support was provided above 104.00, indicating that the US dollar may maintain its upward trend after a short-term decline. If the US Composite Index stabilizes above 104.05 today, the target for future gains will be between 104.45 and 104.60. Today, the short-term resistance of the US index is between 104.40 and 104.45. The important short-term resistance is between 104.55 and 104.60. The short-term support of the US index is between 104.05 and 104.10. The important short-term support is between 103.85 and 103.90

The EUR/USD fell above 1.0775 on Tuesday and received support, while its rise was blocked below 1.0830, indicating that it may maintain a downward trend after a short-term rise. If today's rise encounters resistance below 1.0820, the target for future decline will be between 1.0765 and 1.0745. Today's short-term resistance is between 1.0815 and 1.0820. The important short-term resistance is between 1.0845 and 1.0850. The short-term support is between 1.0765 and 1.0770. The important short-term support is between 1.0745 and 1.0750

Gold was supported on Tuesday when it fell above 3100.00, but encountered resistance when it rose below 3149.00, indicating that gold may maintain its downward trend after a short-term rise. If gold encounters resistance below 3142.00 today, the target for future decline will be between 3093.00 and 3073.00. Today, the short-term resistance of gold is at 3141.00-3042.00. The important short-term resistance is at 3169.00-3170.00. The short-term support of gold is at 3093.00-3094.00. The important short-term support is at 3073.00-3074.00

The short-term trend of the US dollar today is mainly to buy on dips, break down and stop losses. If there is a profit of more than 30 points, set a stop win and withdraw all pending orders that have not been executed before the US market opens. This strategy is suitable for margin trading and can be used as a reference for actual trading.

The US dollar index: You can buy at the lower limit of the range from 104.60 to 104.05, with an effective break of 25 points to stop loss, and the target is at the upper limit of the range.

EUR/USD: You can sell within the upper limit of the range of 1.0820 to 1.0745, effectively breaking the 35 point stop loss and targeting the lower limit of the range.

GBP/USD: You can sell within the upper limit of the range of 1.2940 to 1.2850, with an effective break of 35 points and a stop loss at the lower limit of the range.

USD/CHF: You can buy at the lower limit of the range from 0.8865 to 0.8820, with an effective break of 30 points and a stop loss at the upper limit of the range.

USD/JPY: You can sell within the upper limit of the range of 150.05 to 148.85, with an effective break of 40 points to stop loss, and the target is at the lower limit of the range.

AUD/USD: You can sell within the upper limit of the range of 0.6290-0.6210, with an effective break of 25 points and a stop loss at the lower limit of the range.

USD/CAD: You can sell at the upper limit of the range 1.4400-1.4290, with an effective break of 40 points and a stop loss at the lower limit of the range.

Gold: can be sold at the upper limit of the range of 3142.00 to 3073.00, with an effective break of $10 stop loss and a target at the lower limit of the range.

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