NZDUSD pair remains mildly bid after refreshing the weekly top, although the RBNZ didn’t disappoint.
AUDUSD reverses the previous weekly gains as the RBA disappoints bulls with 25 basis points (bps) of a rate hike.
EURUSD defends the first weekly gain in three around the 20-year low during early Monday.
Gold braces for the first weekly gain in three while bouncing off a two-year low inside a one-month-old bearish channel.
AUDUSD fails to extend the previous day’s corrective bounce off the two-year low as a 12- day-old resistance line.
USDJPY has been navigating inside the 300-pip trading range at a 24-year high in the last three weeks.
GBPUSD holds onto the rebound from an all-time low, marked the previous day, amid oversold RSI conditions.
Although June 1989’s low test EUR/USD bears, a clear downside break of the 2.5-month-old support line, now resistance around 0.9850, keeps sellers hopeful
GBPUSD renews 37-year low, breaking four-month-old support line and 61.8% Fibonacci Expansion (FE) of the GBPUSD pair’s moves between August 17 and September 13.
Gold holds lower ground near the yearly bottom as the market braces for the Fed’s rate hike.
EURUSD gyrates between the 50-DMA and a two-month-old support line surrounding the yearly bottom flashed last week.
NZDUSD dropped to the lowest level since May 2020 before bouncing off 0.5940 on Friday.