This highlights the backdrop for next week, as breakout potential exists in major pairs such as EUR/USD and GBP/USD . If the late-week theme of US Dollar strength does continue, bearish breakouts in either of those pairs can remain as attractive scenarios. On the other hand, next week’s economic calendar is relatively light as it’s the final full week of April; and a plethora of drivers arrive the week after around the May open, which could be a much more opportune time for the establishment of a fresh theme across major currencies. If the USD is to shy away from resistance next week, that could keep interest around pairs such as AUD/USD or USD/CAD , as looked at below.
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