Technical Analysis: AUDUSD eases from 7-week-old resistance line

With the RBA's status-quo failing to propel the AUDUSD beyond late-January tops, a short-term rising trend line seems to trigger the pullback moves amid overbought RSI conditions.

Technical Analysis: AUDUSD eases from 7-week-old resistance line
Technical Analysis: GBPUSD clears three-month-old resistance to pierce 1.2400

Having breached a downward sloping trend line from early-March, GBPUSD rises to three-week high above 1.2400 Considering the ability to cross key resistance line, now support, the buyers are

Technical Analysis: GBPUSD clears three-month-old resistance to pierce 1.2400
Technical Analysis: Gold probes short-term resistance line on a key day

With US President Donald Trump set to address a press conference on China, at 18:00 GMT on Friday, safe-havens gained bid on early Friday.

Technical Analysis: Gold probes short-term resistance line on a key day
Technical Analysis: EURUSD probes 200-day EMA ahead of key US data

Despite trading near the highest in eight weeks, EURUSD is yet to cross 200-day EMA on a daily closing basis.

Technical Analysis: EURUSD probes 200-day EMA ahead of key US data
Technical Analysis: 200-day EMA limits AUDUSD pullback from March high

Despite stepping back from the 11-week top during early Wednesday, AUDUSD stays above 200-day EMA while trading around 0.6645. As a result, the bulls remain hopeful inside an ascending channel formation stretched from April 21.

Technical Analysis: 200-day EMA limits AUDUSD pullback from March high
Technical Analysis: USDCHF stays weak inside three-week-old falling channel

While observing the USDCHF pair's early-month pullback from 0.9783 coupled with the previous week's bounce off 0.9637, the quote seems to portray a short-term falling trend channel

Technical Analysis: USDCHF stays weak inside three-week-old falling channel
Technical Analysis: Brent oil buyers again target yearly resistance line inside immediate rising channel

While following a monthly ascending trend channel, the Brent Oil futures again aim to confront a falling trend line from January 05.

Technical Analysis: Brent oil buyers again target yearly resistance line inside immediate rising channel
Technical Analysis: Gold fails to cheer risk-off but bulls remain hopeful above $1693

While the global financial markets witness full-fledged risk aversion on early Friday, Gold fails to justify its safe-haven appeal The reason is the US dollar's broad strength that goes against the

Technical Analysis: Gold fails to cheer risk-off but bulls remain hopeful above $1693
Technical Analysis: USDJPY prints mild gains inside short-term rising wedge

Despite staying above 200-bar SMA, USDJPY stays inside a bearish technical chart pattern, rising wedge, on the four-hour (H4) chart.

Technical Analysis: USDJPY prints mild gains inside short-term rising wedge
Technical Analysis: 0.6560/70 becomes the tough nut to crack for AUDUSD buyers

AUDUSD again reverses from 0.6560/70 area comprising late-April highs In addition to the pair's multiple failures, three so far, nearly overbought conditions of RSI also increases the odds of a

Technical Analysis: 0.6560/70 becomes the tough nut to crack for AUDUSD buyers
Technical Analysis: EURUSD stays positive around fortnight top ahead of Powell's testimony

While printing a three-day winning streak above 1.0790, EURUSD aims to confront a 100-day EMA level of 1.0950 ahead of the Fed Chair Jerome Powell's testimony.

Technical Analysis: EURUSD stays positive around fortnight top ahead of Powell's testimony
Technical Analysis: Immediate support-turned-resistance restricts GBPUSD pullback from seven-week low

Although oversold RSI triggered GBPUSD pullback from the lowest since March 26, the pair remains below a falling trend line from April 29 Additionally, bearish MACD and sustained trading below April

Technical Analysis: Immediate support-turned-resistance restricts GBPUSD pullback from seven-week low
Technical Analysis: $1740/36 horizontal area regains gold buyers' attention

Gold buyers are up for another battle with the key resistance area near $1736/40 The key upside barrier has disappointed the bulls multiple times in the past month

Technical Analysis: $1740/36 horizontal area regains gold buyers' attention
Technical Analysis: AUDUSD inches closer to monthly horizontal support after Aussie employment data

Broad US dollar strength, coupled with downbeat Aussie jobs report for April, finally dragged the AUDUSD pair below an ascending trend line since April 21.

Technical Analysis: AUDUSD inches closer to monthly horizontal support after Aussie employment data
Technical Analysis: NZDUSD probes support-turned-resistance line after RBNZ-led losses

Be it RBNZ's QE expansion or dovish comments by the policymakers, NZDUSD justifies it all with over 1.0% loss However, the recent bounces off 0.6000 confront the previous support line stretched from

forex technical analysis for beginners