Although 20-DMA triggered the NZDUSD pair’s latest rebound, the first weekly loss in three joined RSI retreat to keep bears hopeful.
Be it an ascending triangle or a pullback from 200-SMA, EURUSD bears flex muscles as markets await the US Nonfarm Payrolls (NFP) for July.
GBPUSD extends early-week pullback from a 2.5-month-old resistance line around a lower line of the bullish channel connecting multiple levels marked since mid-July.
NZDUSD justifies downbeat Q2 New Zealand job numbers while refreshing weekly low, following downside break of a three-week-old bullish channel.
USDJPY renews its six-week low while extending the downside break of a five-month-old ascending trend line, as well as the 50-DMA. However, the pair’s further declines appear less convincing.
Be it a weekly ascending trend channel of the bull cross, AUDUSD flashes upside signals ahead of the key monetary policy meeting of the Reserve Bank of Australia (RBA).
USDJPY broke a five-week-old support line, as well as a horizontal area around 134.25 that comprises the levels marked since June 17.
Gold defends the post-Fed rally around a two-week high, also keeping the upside break of the 100-SMA level of $1,725 and the previous resistance line.
EURUSD remains pressured around a one-week low as traders prepared for the Fed’s verdict, likely a 0.75% rate hike and Powell’s aggression.
GBPUSD refreshed a three-week high on Tuesday while extending the breakout of 100-SMA.
USDCAD bounced off its monthly low on Friday, approaching a convergence of the 100 and 50-SMA around 1.2960-65 at the latest.
Gold fails to extend the post-ECB rebound from yearly low, not to mention unable to extend the bearish channel breakout.