NZDUSD bounces off a five-week low as it extends the corrective pullback from a weekly falling channel’s support line.
GBPUSD extended pullback from 100-SMA to refresh monthly low, before the recent corrective pullback near 1.1900.
AUDUSD broke a one-month-old bullish channel after witnessing a downbeat Aussie Wage Price Index.
Gold consolidates the previous four-week uptrend by retreating from the 61.8% Fibonacci retracement of the June-July move from Monday itself.
EURUSD began the key week by breaking an important support confluence surrounding 1.0200, which includes 100-SMA, 200-SMA and a one-month-old ascending trend line.
USDJPY bounced off 131.25-50 horizontal support area despite multiple failures to cross the 50-DMA, not to forget the monthly resistance line.
GBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP.
US inflation allowed EURUSD to extend the three-day uptrend towards refreshing the monthly peak, by also piercing a downward sloping resistance line from late March.
Gold remains firmer around one-month high, staying successfully above the $1,787-88 confluence comprising the 50-DMA and a five-month-old descending trend line.
USDCAD extends the week-start pullback from a three-week high inside an upward sloping trend channel established since late October 2021.
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.
