EURUSD fades bounce off the lowest levels in almost two decades as traders await the European Central Bank’s (ECB) second rate hike.
Gold extends pullback from 50-SMA and the upper line of the 12-day-long descending trend channel as sellers flirt with the $1,695.
AUDUSD bears take a breather after bouncing off a two-month-old horizontal support area, inside a broad bearish channel from early May.
USDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021.
Gold flirts with the $1,700 threshold as it approaches the yearly bottom ahead of the key US Nonfarm Payrolls (NFP) data.
USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998.
Having refreshed the multi-year low the previous week, EURUSD rose during the last two days.
GBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up.
AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward.
Gold fades the bounce off 61.8% Fibonacci retracement of July-August moves as traders await Fed Chair Jerome Powell’s appearance at the annual Jackson Hole Symposium.
NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA.
EURUSD dropped to the lowest since late 2002 during the four-day downtrend.
