A two-month-old previous resistance line defends gold buyers as they seek clarity ahead of the US Consumer Price Index (CPI) data.
EURUSD bears take a rest around the two-week-old horizontal support area while waiting for this week’s key catalysts.
GBPUSD holds onto the previous week’s downside break of the 50-SMA and a two-week-old support line, now resistance around 1.1160.
Brent oil crossed a downward-sloping resistance from mid-June to refresh the monthly top on Friday.
Gold retreats towards $1,710 while fading the upside break of a seven-month-old resistance.
GBPUSD remains inside an eight-day-old bullish channel, as well as the 100-SMA, suggesting further upside.
NZDUSD pair remains mildly bid after refreshing the weekly top, although the RBNZ didn’t disappoint.
AUDUSD reverses the previous weekly gains as the RBA disappoints bulls with 25 basis points (bps) of a rate hike.
EURUSD defends the first weekly gain in three around the 20-year low during early Monday.
Gold braces for the first weekly gain in three while bouncing off a two-year low inside a one-month-old bearish channel.
AUDUSD fails to extend the previous day’s corrective bounce off the two-year low as a 12- day-old resistance line.
USDJPY has been navigating inside the 300-pip trading range at a 24-year high in the last three weeks.