Although a one-week-old ascending trend line challenges gold bears of late, repeated failures to cross the 200-SMA signals further hardships for buyers.
EURUSD jostles with a four-month-old resistance line, as well as the 50-DMA, respectively around 0.9870 and 0.9900, as it lures buyers near a fortnight top.
The US dollar’s decline versus most currencies on Friday allowed GBPUSD to bounce off a three-week-old support line.
Gold braces for the second weekly loss but the bears appear hesitant around the yearly low.
EURUSD returned to the red zone as it broke the weekly support line.
GBPUSD seesaws around a monthly resistance line, after successfully crossing the 200-SMA, as buyers await the UK inflation data.
AUDUSD rebounds inside a three-week-old falling wedge bullish chart formation and it becomes more important for the short-term buyer’s return.
USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam.
USDJPY poked the year 1998 high on Thursday while piercing a weekly resistance line, staying near the immediate resistance line of late.
A two-month-old previous resistance line defends gold buyers as they seek clarity ahead of the US Consumer Price Index (CPI) data.
EURUSD bears take a rest around the two-week-old horizontal support area while waiting for this week’s key catalysts.
GBPUSD holds onto the previous week’s downside break of the 50-SMA and a two-week-old support line, now resistance around 1.1160.