Pullback moves remain elusive unless the EURUSD remains firmer past the previous resistance line from February, near 1.1180.
Gold price rises to the highest level in a month after crossing a convergence of the 200-SMA and a six-week-old descending trend line.
NZDUSD jumps to a three-week high while piercing the 200-EMA.
GBPUSD printed the first weekly gain in three after the US Dollar’s fall post-NFP.
AUDUSD’s previous weekly gain appears a one-off affair unless the US inflation signals keep softening.
Gold price again hits the key support around $1,895 comprising the 200-EMA and an upward-sloping trend line from late November 2022.
GBPUSD defends the last Thursday’s rebound from the 200-EMA to brace for the first weekly gain in three.
EURUSD pares weekly losses within a fortnight-long falling wedge bullish chart formation ahead of Fed Minutes.
The chances of seeing more upward movement in AUDUSD seem uncertain due to the 21-EMA and 50-EMA coming together near the 0.6700 level, which poses a challenge for bullish traders.
The USDJPY currency pair has experienced a notable reversal from its eight-month high, which has significance for the sellers.
EURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance.
Gold price is likely to remain bearish but the south run is less likely to be smooth.
