Gold pierces 50-SMA as it braces for the weekly gains with a four-day uptrend.
EURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290.
NZDUSD defends the early month breakout of the 100-DMA and a downward-sloping trend line from April 05.
AUDUSD remains pressured after printing the first negative week in five. The bearish bias recently got acceptance from the 50-SMA breakdown.
GBPUSD remains sidelined since the last Wednesday and retreats from its intraday high so far on Monday.
A clear break of a fortnight-old ascending trend line and the RSI pullback from overbought territory favor gold bears to snap a two-week uptrend.
AUDUSD retreats from a descending trend line from early April, but the 100-DMA challenges the pair bears as they cheer a retreat from a two-month high.
EURUSD refreshed a 4.5-month high by piercing the 200-DMA ahead of the US Retail Sales.
GBPUSD bulls approach the key resistance line, stretched from mid-June, ahead of the UK’s employment numbers.
A clear downside break of the 100-DMA, as well as a daily closing below July’s peak, keeps USDJPY sellers hopeful.
GBPUSD’s rally post-US inflation data enabled it to poke the 100-DMA for the first time since late February.
Gold prices are so far up for the second consecutive week as traders await the key US inflation data.
AUDUSD retreats to the upper line of a one-month-old symmetrical triangle.