Intraday Analysis 29.04.2026

Orbex intraday note (29 Apr 2026) sees a stronger US dollar weighing on major pairs and risk assets. GBPUSD reversed after testing the mid-1.35 area; a confirmed break below 1.3500 would likely target the prior swing low near 1.3450, while 1.3560 is immediate resistance. AUDUSD is capped at long-term resistance just under 0.7200 — a push above 0.7210 could attract momentum buyers, but a bearish break risks 0.7115 then 0.7000. Germany 40 (DAX) remains in a bearish channel after slipping under 24,400, with 24,000 and 23,600 as key supports and 24,800 as the upside pivot. Overall tone: USD strength favors further downside in FX and pressure on European equities.