Technical Analysis
USDCAD justifies a downside break of a five-week-old ascending trend channel, as well as downbeat RSI and MACD signals.
USDJPY marked the biggest weekly loss since early January despite trading within a one-week-long descending triangle.
Gold buyers poke a four-month-old support-turned-resistance line as bulls await final clues for the next week’s Fed meeting.
EURUSD posted the biggest daily slump in six months as Credit Suisse headlines fanned risk aversion on Wednesday.
AUDUSD confirmed a falling wedge bullish chart pattern during the early days and is keeping the breakout so far during Wednesday
GBPUSD buyers take a break and make a deep breath before the CPI Index and UK Jobs report release.
USDJPY showcases the second loss in a week to attract bears but still has 200-SMA as the key support.
Gold reverses the previous weekly gains with 200-EMA to defend metal buyers.
GBPUSD can see further downside ahead of the crucial UK/US data to be released.
EURUSD makes gains to show recovery from from the 1.0540 support confluence.
USDJPY looses in a three for the first time in a week featuring BoJ Monetary Policy Meeting NFP looms.
Although gold makes the first weekly gain, the asset is within the key moving average envelope.
EURUSD crosses a one-month-old descending trend line to make a good start in March.