Market insights
USDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low.
Gold prices brace for the biggest weekly jump in three as it stays around the highest levels since mid-August.
GBPUSD posted the biggest monthly gains since mid-2020 in November.
EURUSD pair is all set to register the biggest monthly gain since September 2010.
USDCAD grinds lower inside a bullish chart pattern. That said, the 50-DMA hurdle surrounding 1.3570 guards the Loonie pair’s immediate upside.
AUDUSD remains on the bear’s radar as it broke a short-term symmetrical triangle, as well as the 50-SMA.
Gold pierces 50-SMA as it braces for the weekly gains with a four-day uptrend.
EURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290.
NZDUSD defends the early month breakout of the 100-DMA and a downward-sloping trend line from April 05.
AUDUSD remains pressured after printing the first negative week in five. The bearish bias recently got acceptance from the 50-SMA breakdown.
GBPUSD remains sidelined since the last Wednesday and retreats from its intraday high so far on Monday.
A clear break of a fortnight-old ascending trend line and the RSI pullback from overbought territory favor gold bears to snap a two-week uptrend.
AUDUSD retreats from a descending trend line from early April, but the 100-DMA challenges the pair bears as they cheer a retreat from a two-month high.