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.
Gold prices seesaw around the monthly top after crossing a five-week-old resistance line, as well as a weekly hurdle.
EURUSD fades three-week-old recovery as it remains below a downward sloping trend line from early February, around 1.0745 by the press time.
AUDUSD struggles to remain beyond a three-week-old support line, having reversed from a multi-day high the previous day.
USDCAD bears keep reins around a five-week low, attacking the 200-DMA ahead of the key Canada Q1 GDP.
GBPUSD refreshed its monthly high the previous day but the bulls don’t have smooth sailing due to the weekly closing below the 1.2630-40 horizontal hurdle.
EURUSD remains firmer inside a fortnight old bullish channel ahead of the Fed’s preferred gauge of inflation.
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.