Technical Analysis: AUDUSD stays depressed inside ascending triangle after Aussie/China data

Despite recently bouncing off 0.6430, AUDUSD remains pressured inside a short-term ascending triangle formation on Tuesday.

Technical Analysis: AUDUSD stays depressed inside ascending triangle after Aussie/China data
Technical Analysis: Gold bounces off 100-bar SMA, monthly resistance line back in focus

Multiple failures to cross a month-old falling trend line don't speak for Gold's weakness as the yellow metal recently bounced off 100-bar SMA, shifting the traders' focus back to the 1,722

Technical Analysis: Gold bounces off 100-bar SMA, monthly resistance line back in focus
Technical Analysis: EURUSD bulls retreat ahead of the NFP

Having confirmed falling wedge bullish formation the previous day, EURUSD buyers seem to catch a breath ahead of the key US employment figures for April

Technical Analysis: EURUSD bulls retreat ahead of the NFP
Technical Analysis: GBPUSD pierces weekly resistance line after BOE's rate decision

Despite announcing no change in its present monetary policy, as expected, the BOE managed to propel GBPUSD by over 70 pips after the upbeat statements

Technical Analysis: GBPUSD pierces weekly resistance line after BOE's rate decision
Technical Analysis: NZDUSD stays below 61.8% Fibonacci, inside ascending channel after NZ Q1 employment data

Although upbeat prints of New Zealand's first quarter (Q1) employment figures please NZD/USD buyers, 61.8% Fibonacci retracement of the pair's March month fall restricts the kiwi pair's immediate

Technical Analysis: NZDUSD stays below 61.8% Fibonacci, inside ascending channel after NZ Q1 employment data
Technical Analysis: Multiple bottoms around 0.9590/85 keeps USDCHF buyers hopeful

With a five-week-old horizontal area restricting the USDCHF downside, the pair pops up on the buyers' radars. In doing so, a 200-bar SMA level of 0.9705 becomes the first levels to aim while 23.6% Fibonacci retracement near 0.9730 can challenge buyers next.

Technical Analysis: Multiple bottoms around 0.9590/85 keeps USDCHF buyers hopeful
Technical Analysis: 0.6250 back on AUDUSD sellers’ radars amid risk-off

In addition to breaking a month-old rising trend line, AUDUSD also trades below the mid-April top, which in turn suggests the pair's further weakening towards April 21 low near 0.6250.

Technical Analysis: 0.6250 back on AUDUSD sellers’ radars amid risk-off
Technical Analysis: GBPUSD traders should be mindful of 1.2640/50 resistance area

GBPUSD registers another pullback from the key 1.2640/50 horizontal resistance, amid nearly overbought RSI, which in turn suggests the pair's drop to 61.8% Fibonacci retracement near 1.2515

Technical Analysis: GBPUSD traders should be mindful of 1.2640/50 resistance area
Technical Analysis: EURUSD struggles to keep monthly trendline breakout on ECB day

With the 21-day EMA continues to challenge EURUSD buyers, the pair's break of monthly trend line fails to post any gains ahead of the key ECB meeting While the European Central Bank (ECB) isn't

Technical Analysis: EURUSD struggles to keep monthly trendline breakout on ECB day
Technical Analysis: Overbought RSI checks AUDUSD bulls despite upbeat sentiment

Having refreshed the monthly high above April 14 top, AUDUSD stays mildly positive beyond the horizontal support However, overbought RSI conditions restrict the pair's further upside

Technical Analysis: Overbought RSI checks AUDUSD bulls despite upbeat sentiment
Technical Analysis: Gold carries pullback from 100-bar SMA, monthly support line ahead of US GDP, FOMC

​Gold prices defy the previous two-day gains while taking a U-turn from 100-bar SMA and monthly support-line. However, the bullion's gains are capped by the market's cautious momentum ahead of the key data/event viz.

Technical Analysis: Gold carries pullback from 100-bar SMA, monthly support line ahead of US GDP, FOMC
Technical Analysis: USDJPY breaks weekly support after BOJ, 106.90 back in focus

Despite the Bank of Japan's (BOJ) easing efforts and watered-down economic forecasts for the first quarter (Q1) of 2020, USDJPY drops below the one-week-old support line.

Technical Analysis: USDJPY breaks weekly support after BOJ, 106.90 back in focus
Technical Analysis: EURUSD remains pressured below key resistances, bears target March low

While extending its U-turn from 100-bar SMA, EURUSD drops near the weekly low close to 1.0760/55. The pair sellers currently aim for 1.0700 ahead of the March month low near 1.0635.

Technical Analysis: EURUSD remains pressured below key resistances, bears target March low
Technical Analysis: USD/JPY funneling down to the short-term triangle breakout

USD/JPY nears the break of the symmetrical triangle on a key day comprising US Jobless Claims, PMIs and House voting on a $484 billion aid package Considering the normal conditions of RSI as well as

Technical Analysis: USD/JPY funneling down to the short-term triangle breakout
Technical Analysis: Gold bounces off 21-day EMA, but stays below near-term key resistance

Gold prices fail to extend the bounce off 21-day EMA as a horizontal area since March 09, around $1,702/07 restricts the bullion's immediate upside amid broad US dollar strength

Technical Analysis: Gold bounces off 21-day EMA, but stays below near-term key resistance