Gold prices pare the previous day’s downside break of a six-week-old rising trend line, as well as the 21-DMA around the mid-2021 peak.
USDJPY cheers the greenback’s robust strength ahead of the Fed’s widely anticipated rate-hike to refresh five-year high.
GBPUSD refreshed a 16-month low on Friday amid broad US dollar strength, as well as preparations for this week’s key monetary policy.
Gold remains above a fortnight-long ascending support line to keep buyers hopeful.
EURUSD extends the early week rebound from a 22-month low, also holding the previous day’s break of a bearish broadening pattern.
Silver pierced 61.8% Fibonacci retracement (Fibo.) of May-September 2021 downtrend to refresh seven-month high on Tuesday.
AUDUSD rose to the four-month high on Monday. However, a broad horizontal area between 0.7425 and 0.7440.
GBPUSD marked the second consecutive weekly loss, following a U-turn from the 10-DMA on Thursday.
Gold seesaws around weekly tops after poking $1,951 during early Friday. In doing so, the bullion remains well above short-term key supports ahead of crucial US jobs data.
EURUSD remains on the back foot around a 21-month low, despite the recently sidelined performance.
Bank of Canada (BOC) turns may not entertain the USDCAD bears until forward guidance appears hawkish.
AUDUSD holds onto Friday’s recovery moves from a three-week-old support line around the 100-DMA as Aussie traders brace for the RBA monetary policy meeting.