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AUDUSD bears have a tough time keeping the reins with the oversold RSI conditions.
Gold prices have been in a choppy range between $1,915 and $1,950 since the start of April.
A one-month-old horizontal area probes EURUSD bears amid oversold RSI conditions, portraying a corrective pullback towards the late March low near 1.0945.
AUDUSD failed to provide a daily closing beyond the monthly resistance line, around 0.7600 by the press time.
GBPUSD struggles to defend 1.3100 inside a one-week-old symmetrical triangle.
USDJPY has it all to revisit the multi-year top poked during late March.
Gold struggles to defend Thursday’s daily closing the 21-DMA, the first in two weeks. Even so, firmer RSI.
EURUSD’s corrective pullback remains below 21-DMA, as well as a two-week-old ascending trend line
Gold has already printed a bear cross but the 200-SMA has been defending bulls so far, suggesting a tough fight between the buyers and sellers.
GBPUSD’s sustained break of the one-month-old horizontal resistance, near 1.3265-70, keeps buyers hopeful ahead of the UK CPI data for February.
AUDUSD extends pullback from the 0.7430-40 horizontal area comprising multiple tops marked since October 2021.
Silver’s U-turn from 50-SMA gains support from downbeat RSI, not oversold, to direct the sellers towards a monthly support line of around $24.50.
EURUSD braces for the first positive week in six, despite recently drop back to a two-week-long symmetrical triangle during early Friday.
GBPUSD holds onto recovery moves from 16-month low post FOMC showdown. In doing so, the cable pair remains firmer above a convergence of the 10-DMA
Gold prices pare the previous day’s downside break of a six-week-old rising trend line, as well as the 21-DMA around the mid-2021 peak.