EURUSD finds support
The EURUSD pushed higher after the recent Fed meeting saw mixed signals.
The pair is looking to confirm a break above 1.1200.
Clearing the psychological zone would move prices towards the recent peak at 1.1260.
A drop below 1.1120 would lead to a multi-month low as the dollar looks to continue its dominance.
USDCAD continues the consolidation
The greenback attempts to show its superiority as prices look to break away from 1.4000.
A jump above the daily resistance of 1.4070 would dent the bearish mood.
Sellers will wait for signs of stabilisation at 1.3970 at the bottom of the channel is the first support.
The pair could be subject to a more sustained bullish rally to move towards 1.4200.
XAUUSD falls lower
Gold inches lower as sellers enter the market as the downturn continues.
3980 is the closest support, and 3925 is a significant level for the yellow metal to remain afloat.
Another push higher could end the bearish movement and resume the uptrend in the coming weeks.
4100 is the first target higher, with 4150 a firm top if the current resistance is broken.
Comments
Log in or sign up to join the conversation.