AUDUSD marked negative closings in the last two consecutive weeks ahead of the Reserve Bank of Australia’s (RBA) monetary policy decision.
Repeated attempts to mark a downside break of the $1,980-79 support confluence comprising a fortnight-old symmetrical triangle.
EURUSD dribbles around a fresh 13-month high marked the previous day as it pokes the neckline of an inverse head-and-shoulders bullish chart formation.
AUDUSD stays below the key support line stretched from the last October, after multiple rejections from the 100-DMA hurdle.
GBPUSD buyers appear running out of steam as it wavers inside a three-week-old trading range.
Gold price grinds lower between a three-month-old ascending resistance line and an upward-sloping trend line from late March.
EURUSD prints mild gains within a one-month-old bullish channel even as RSI eases from the overbought conditions.
With its heavy fall on Friday, GBPUSD ended the last week on a negative note, after four consecutive weekly gains.
Gold price seesaws near the highest levels since March 2022 inside a one-month-old bullish channel.
EURUSD bulls struggle at an 11-week-high as an upward-sloping trend line resistance challenges the major currency pair’s further upside around the 1.1000 psychological magnet.
Be it a clear downside break of the 10-week-old ascending trend line or sustained trading below the 200-SMA.
Be it a clear rejection of a one-month-old bullish channel or sustained trading below the key SMAs, not to forget dovish RBA, AUDUSD has it all to convince bears.