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Gold prices are likely to remain firm but markets await the US Nonfarm Payrolls to see how the gold will move further.
BOE Thursday is the key day for GBPUSD. It is likely to keep the uptrend though any disappointment will have larger repercussions.
NZDUSD is expected to further move upside towards a two-week-old horizontal resistance area around 0.7220.
Brent oil prices fail to keep Friday’s bounce off $66.70 while dropping back towards an ascending trend line from April 07, around $65.55.
AUDUSD stays beyond the 100-day SMA and shows ascending trend. However, the buyers seem to be stepping back. The bears should be ready.
GBPUSD buyers are hopeful despite the latest pullback, sustained trading beyond 200-SMA and a three-week-old ascending trend line
EURUSD eases to 1.2130, following its run-up to a two-month high, during early Thursday.
Gold sellers cheer a clear downside break of the monthly support line, now resistance, amid bearish MACD signals near the lowest in a week.
NZDUSD buyers attack the upper line of the short-term rising wedge bearish chart pattern on early Tuesday.
AUDUSD bulls to aim for a five-week-long resistance line, near 0.7810 with a a clear breakout of a downward sloping trend line from early March.
Gold picks up bids inside a two-week-old bearish chart pattern during early Friday.gold sellers are hopeful.
EURUSD traders turn optimistic ahead of Thursday’s European Central Bank (ECB) meeting.
With the pandemic woes back to the table, fears of depleting oil demand and scheduled jump in supplies weigh on Brent prices during early Wednesday.
GBPUSD extends the upside break of the two-month-old resistance line, now support, towards horizontal hurdles comprising late February tops.
EURUSD again eyes the 1.1990–1.2000 horizontal resistance area established since early March.