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AUDUSD takes the bids near the one-week top. Given the strong RSI and upbeat MACD.
Brent oil’s gradual recovery from late March nears a five-week-old resistance line. Upbeat RSI conditions and an upward sloping support line favor oil buye
EURUSD recovery from April-start couldn’t cross 200-SMA as overbought RSI triggered the currency major pair’s pullback.
Gold refreshed six-week top the previous day but failed to cross a downward sloping trend line from January-end, not to forget 50-DMA.
GBPUSD has a bumpy road to recovery with horizontal hurdles from early March and bearish MACD signals.
USDCAD extends recovery moves from 1.2500 as bulls attack a 10-week-old descending trend line ahead of the key speech from US President Joe Biden and FOMC
Gold fails to stay positive amid RSI pullback below the key 200-SMA level.
EURUSD is on a corrective pullback from the yearly low, mainly due to the downbeat US Treasury yields.
EURUSD drops to the lowest in five months as traders await US President Joe Biden infrastructure bill details.
Although AUDUSD broke three-month-old horizontal support, not to forget a descending trend line from March 05, oversold RSI tests the aussie pairs further
Gold sellers are hopeful despite oversold RSI joining monthly horizontal support to test the bullion bears around the $1,700 threshold.
The move not only helped market sentiment but also weighed on the oil prices and dragged Brent Oil from 21-day EMA.
AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA.
USDCHF extends the early week’s bounce-off 21-day SMA while directing bulls towards the key horizontal resistance.
Gold prints a corrective pullback while holding $1,730 amid early Wednesday.