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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. However, the pair's further upside is li

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​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

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​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. However, bullish MACD favors the c

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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. Sellers currently target the horizontal area

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​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

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