AUDUSD gyrates inside the one-week-old symmetrical triangle after the RBA Minutes and Governor Philip Lowe’s speech.
EURUSD holds onto its bearish bias, despite bouncing off an immediate support line.
A clear downside break of the fortnight-old support line, favored USDJPY bears in the last few days.
GBPUSD fades the corrective pullback from a two-year low, as well as the 61.8% FE level of late March-May moves.
Gold holds onto Monday’s rising wedge confirmation, suggesting further downside despite bouncing off.
EURUSD dribbles around a monthly low after breaking the six-week-old horizontal support. That said, the downward sloping RSI (14) line.
A clear downside break of the six-week-old horizontal support keeps GBPUSD bears hopeful of further south-run ahead of the US Federal Reserve (Fed) and the Bank of England (BOE) monetary policy meetings.
Gold prices remain sustainably below 200-SMA since late April, pressured inside a three-week-old rising wedge of late.
Although EURUSD battles a four-month-old resistance line, the lower high of prices contrasts with the higher high of the RSI (14).
Brent oil prices grind higher around late March tops, staying above 10-DMA inside a monthly bullish channel formation.
AUDUSD broke a three-week-old support line and the 50-day EMA as traders await the Reserve Bank of Australia’s (RBA) second rate hike of 2022.
GBPUSD not only snapped a two-week uptrend by the end of Friday but also jostles with short-term key support around 1.2480, comprising 100-SMA and a fortnight-long support line.