Technical analysis and market insights from MTrading experts
GBPUSD pays a little heed to the price-negative catalysts during early Monday to ignore the confirmation of a four-week delay in the UK’s unlock.
EURUSD struggles to extend post-ECB/US CPI-led run-up during early Friday. The pair’s bounce off 200-SMA fades below 100-SMA.
Gold prices remain on the back foot amid anxious hours of early Thursday as markets wait for the ECB and the US Consumer Price Index (CPI) data.
AUDUSD reverses the previous day’s losses while a bounce off 50-day and 100-day SMA confluence near 0.7730-25.
USDCAD reverses Friday’s losses inside a bullish chart pattern, falling wedge, on the daily play.