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Technical Analysis: EURUSD remains below support-turned-resistance

The EURUSD pair's bounce off 1.0816 fails to cross the previous support line, at 1.0885 now, which in turn portrays the underlying weakness in momentum. Hence, the quote's further downside towards the

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Technical Analysis: AUDUSD breaks monthly support line after Aussie employment data

As soon as the Aussie traders knew that the recently upbeat job figures for March don't reveal the lockdown impact, the AUD/USD pair extended the previous pullback moves and slipped below the one-mont

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​Technical Analysis: USDCAD bounces off multi-day-old support line ahead of BOC

USDCAD takes a U-turn from a one-month-old falling trend line while confronting short-term resistance on early Wednesday. The pair remains on the recovery mode ahead of the Bank of Canada (BOC) meetin

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Technical Analysis: AUDUSD probes yearly resistance line on China trade data

Following its successful rise above the 50-day SMA, AUDUSD trades near the monthly top while also challenging the descending trend line stretched from December 31, 2019, near 0.6445 now. Not only the

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​Technical Analysis: Rising wedge, overbought RSI question Gold buyers

Although gold prices are near to the monthly top, a short-term rising wedge formation, coupled with overbought RSI conditions seems to challenge the buyers. As a result, the bullion may witness a pull

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