Silver pierced 61.8% Fibonacci retracement (Fibo.) of May-September 2021 downtrend to refresh seven-month high on Tuesday.
AUDUSD rose to the four-month high on Monday. However, a broad horizontal area between 0.7425 and 0.7440.
GBPUSD marked the second consecutive weekly loss, following a U-turn from the 10-DMA on Thursday.
Gold seesaws around weekly tops after poking $1,951 during early Friday. In doing so, the bullion remains well above short-term key supports ahead of crucial US jobs data.
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.