Daily technical analysis and forecast for 2 April 2026

Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 2 April 2026.

EURUSD forecast

On the H4 chart of the EURUSD pair, the market completed an upward wave to 1.1625 and declined to 1.1530. Today, 2 April 2026, a consolidation range is expected to form around this level. An upward breakout would open the potential for a continued correction towards 1.1664. In case of a downward breakout, the downward wave could continue towards 1.1466.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the wave matrix with a pivot point at 1.1666. It is regarded as key within the structure of the downward wave for EURUSD. At the moment, the market is forming a consolidation range around the central line of the Price Envelope at 1.1530. In case of a downward breakout from this range, it will be relevant to expect a decline towards its lower boundary at 1.1466. In case of an upward breakout, an upward move towards its upper boundary at 1.1664 cannot be ruled out.

Technical indicators for today’s EURUSD forecast suggest further downward movement to 1.1464.

USDJPY forecast

On the H4 chart of the USDJPY pair, the market completed a downward structure to 158.28 and a correction to 159.49 (test from below). Today, 2 April 2026, a consolidation range has effectively formed around the level of 159.10. In case of a breakout from this range upwards, the potential for a wave towards 160.70 will open. Conversely, a downward breakout could trigger a corrective wave towards 157.80.

Technically, this scenario for USDJPY is confirmed by the indicated Elliott wave structure and the downward wave matrix with a pivot point at 159.19. It is regarded as key within this structure. At the moment, the market completed a corrective wave towards the central line of the Price Envelope at 159.49. Further extension of the downward wave to the lower boundary at 157.80 cannot be ruled out.

Technical indicators for today’s USDJPY forecast suggest a potential decline to 157.80, followed by growth to 160.70.

GBPUSD forecast

On the H4 chart of the GBPUSD pair, the market formed an upward wave to 1.3344, followed by a decline to 1.3228. Today, 2 April 2026, a consolidation range is expected to develop below this level. A downward breakout would open the door for a decline to 1.3112, while an upward breakout could open the potential for a wave towards 1.3298, a local target.

Technically, this scenario for GBPUSD is confirmed by the indicated Elliott wave structure and the downward wave matrix with a pivot point at 1.3400. It is regarded as key within this structure. Today, a corrective wave could develop towards the lower boundary of the Price Envelope at 1.3112. Subsequently, an upward wave could begin, aiming for its upper boundary at 1.3290.

Technical indicators for today’s GBPUSD forecast suggest a potential decline to 1.3112.

AUDUSD forecast

On the H4 chart of the AUDUSD pair, the market formed a consolidation range around 0.6930 and broke out downwards. Today, 2 April 2026, a downward wave towards the local target of 0.6816 is expected.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the downward wave matrix with a pivot point at 0.7000. It is regarded as key within this structure. At the moment, the market is forming a corrective wave towards its lower boundary at 0.6816. Subsequently, the price is expected to climb towards the central line of the Price Envelope at 0.6960.

Technical indicators for today’s AUDUSD forecast suggest a potential drop to 0.6816.

USDCAD forecast

On the H4 chart of the USDCAD pair, the market completed a downward wave structure to 1.3868. Today, 2 April 2026, an upward move towards 1.3980 is expected, followed by a decline to 1.3820.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 1.3629. It is regarded as key within this structure. At the moment, the market is forming an upward wave towards the upper boundary of the Price Envelope at 1.3981. Subsequently, a downward wave could follow, targeting its central line at 1.3820.

Technical indicators for today’s USDCAD forecast suggest potential growth to 1.3980, followed by a decline to 1.3820.

XAUUSD forecast

On the H4 chart of XAUUSD, the market completed an upward wave to 4,795. Today, 2 April 2026, a downward wave towards 4,555 is likely. Subsequently, a consolidation range is expected to form above this level. In case of an upward breakout, the potential for growth to 5,022 will open, with prospects for continuation of the trend to 5,255. Alternatively, in case of a downward breakout, another move towards 4,355 cannot be ruled out. The target is local.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 4,474. It is regarded as key within this structure. At the moment, the market is forming a consolidation range around the central line of the Price Envelope at 4,559. In case of a downward breakout, the downward wave is expected to continue towards 4,350. An upward breakout would open the way for an upward wave towards 5,022.

Technical indicators for today’s XAUUSD forecast indicate a potential decline to 4,555, followed by growth to 5,022.

Brent forecast

On the H4 chart of Brent crude oil, the market completed a downward wave structure to 97.50. Today, 2 April 2026, a consolidation range is likely to develop above this level. In case of an upward breakout, the potential for growth to 114.60 will open, with prospects for continuation of the trend to 136.40, a local target. A downward breakout could trigger a corrective move towards 94.00, followed by growth to 114.60.

Technically, this scenario is confirmed by the indicated Elliott wave structure and the upward wave matrix with a pivot point at 98.00. It is regarded as key within this structure. At the moment, the market is forming a consolidation range around the lower boundary of the Price Envelope at 97.50. An upward breakout would open the potential for a wave towards the upper boundary at 114.60.

Technical indicators for today’s Brent forecast suggest a potential rise to 114.6.

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