EURUSD remains on the buyer’s radar despite the latest retreat as the key event remain on the docket to shake the markets next week.
AUDUSD remains on the front foot while printing the first daily gains in five after strong Australian employment data.
GBPUSD extends pullback from a 15-month high, marked the last week, as it awaits the UK’s headline inflation data for June.
Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA).
USDJPY dropped in the last two consecutive weeks but ended Friday on a positive note.
Pullback moves remain elusive unless the EURUSD remains firmer past the previous resistance line from February, near 1.1180.
Gold price rises to the highest level in a month after crossing a convergence of the 200-SMA and a six-week-old descending trend line.
NZDUSD jumps to a three-week high while piercing the 200-EMA.
GBPUSD printed the first weekly gain in three after the US Dollar’s fall post-NFP.
AUDUSD’s previous weekly gain appears a one-off affair unless the US inflation signals keep softening.
Gold price again hits the key support around $1,895 comprising the 200-EMA and an upward-sloping trend line from late November 2022.
GBPUSD defends the last Thursday’s rebound from the 200-EMA to brace for the first weekly gain in three.