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GBPUSD has a bumpy road to recovery with horizontal hurdles from early March and bearish MACD signals.
USDCAD extends recovery moves from 1.2500 as bulls attack a 10-week-old descending trend line ahead of the key speech from US President Joe Biden and FOMC
Gold fails to stay positive amid RSI pullback below the key 200-SMA level.
EURUSD is on a corrective pullback from the yearly low, mainly due to the downbeat US Treasury yields.
EURUSD drops to the lowest in five months as traders await US President Joe Biden infrastructure bill details.
Although AUDUSD broke three-month-old horizontal support, not to forget a descending trend line from March 05, oversold RSI tests the aussie pairs further
Gold sellers are hopeful despite oversold RSI joining monthly horizontal support to test the bullion bears around the $1,700 threshold.
The move not only helped market sentiment but also weighed on the oil prices and dragged Brent Oil from 21-day EMA.
AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA.
USDCHF extends the early week’s bounce-off 21-day SMA while directing bulls towards the key horizontal resistance.
Gold prints a corrective pullback while holding $1,730 amid early Wednesday.
EURUSD fades bounce off 61.8% Fibonacci retracement of November-January upside as traders eye Congressional testimony
Brent oil’s bounce-off early February low has a bumpy road ahead as 200-SMA joins the previous support line from February 19.
Gold keeps the previous day’s pullback from a multi-day-old resistance line, forming part of the falling wedge bullish chart.
GBPUSD bulls catch a breather below a three-week-old resistance line after cheering the Fed-led run-up the previous day.