Gold prices stay pressured inside a fortnight-old bullish channel, recently challenging the channel’s lower line.
NZDUSD renews a three-week high around 0.6500 after the RBNZ confirmed the widely anticipated 0.50% rate hike.
EURUSD consolidates the biggest daily gains in nearly three months around a fortnight top during Tuesday.
Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally.
GBPUSD braces for further upside until staying beyond the 100-SMA and a three-week-old horizontal resistance, now support 1.2400.
Gold prices hold lower grounds below the 200-DMA so far during the week, backed by downbeat MACD and RSI (14).
USDCAD sellers hopeful ahead of Canada’s Consumer Price Index (CPI) data on Wednesday.
EURUSD portrays a bearish consolidation inside a seven-week-old descending trend channel ahead of the key Eurozone GDP for Q1 2022.
AUDUSD managed to rebound from a two-year low on Friday, snapping a six-day downtrend and portraying a falling wedge bullish chart pattern.
USDJPY remains pressured around a two-week low, despite the latest rebound from 127.50, after the yen pair slipped beneath an upward sloping support line from March-end.
GBPUSD remains guarded, despite all the difficulties, ahead of the preliminary readings of UK Q1 2022 GDP. In doing so, the cable pair portrays a falling wedge bullish chart pattern at the lowest levels since June 2020.
Gold’s failure to rebound from $1,850 joins bearish MACD signals to keep sellers hopeful as markets await the key US inflation numbers.