EURUSD remains on the back foot around a 21-month low, despite the recently sidelined performance.
Bank of Canada (BOC) turns may not entertain the USDCAD bears until forward guidance appears hawkish.
AUDUSD holds onto Friday’s recovery moves from a three-week-old support line around the 100-DMA as Aussie traders brace for the RBA monetary policy meeting.
USDCHF posted weekly gains but eased from the short-term key horizontal area as Ukraine-Russia headlines controlled safe-haven pairs.
The sour sentiment propelled prices of traditional safe-havens, like gold and USD, which in turn caused the EURUSD pair’s slump.
Despite reversing from an eight-month high, gold prices recently crossed the stated key resistance, also rallied beyond June 2021 peak.
GBPUSD bears flex muscles inside the one-month-old symmetrical triangle, recently easing from the resistance.
Silver had a sober start to the current week as it marked the first negative daily closing in four.
EURUSD keeps pullback from 50-SMA to kick-starts the key week comprising preliminary PMIs for February.
GBPUSD stays beyond a downward sloping resistance line from January 20, now support around 1.3590.
AUDUSD justifies its risk-barometer status, also backed by an upbeat Aussie jobs report for January, during Thursday.
Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880.