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Technical Analysis

USDCHF teases bears on Swiss GDP day, rising wedge in focus

USDCHF fades upside momentum, after witnessing a three-week uptrend.

GBPUSD needs to break 1.2260 to convince sellers

GBPUSD marked a three-week downtrend while closing below the 50-DMA, as well as an eight-month-old ascending support line.

Gold sellers need acceptance below $1,928 to dominate further

Gold braces for the third consecutive weekly loss as it challenges a six-month-old bullish trend channel formation.

EURUSD portrays rising wedge bearish chart formation

A gradual shrinking of EURUSD upside moves prints a six-month-old rising wedge bearish chart pattern, currently between 1.1120 and 1.0690.

NZDUSD slumps on RBNZ, 200-DMA and 0.6130 regain attention

NZDUSD fails to justify the RBNZ’s 0.25% rate hike as it drops the most in a week after the Interest Rate Decision.

AUDUSD sellers need to break 0.6600 support to retake control

After repeated failures to cross the 100-DMA, the AUDUSD pair again attacks an 11-week-long ascending support line.

NZDUSD bulls struggle to retake control as RBNZ week begins

NZDUSD managed to ignore the US Dollar strength in the last week amid hawkish expectations from the RBNZ.

Gold remains vulnerable to further downside, $1,935 in focus

A clear downside break of the nearly two-month-old ascending trend line and 200-EMA keeps the Gold price on the bear’s radar.

AUDUSD lures bears by poking 0.6635 support

AUDUSD remains pressured inside a two-week-old descending triangle after posting heavy losses in the last week.

USDCAD bears again place their eyes on six-month-old support

USDCAD again fails to remain beyond the 200-DMA, suggesting another attempt in breaking an upward-sloping support line from November 2022, close to 1.3320 at the latest.

GBPUSD prints bullish consolidation ahead of UK employment data

GBPUSD portrays a bullish megaphone trend widening formation as the Cable traders await the UK employment report on Tuesday.

EURUSD bears need to break 1.0730 to regain command

A clear downside break of 200-SMA and a six-week-old ascending trend line allowed EURUSD bears to cheer the biggest weekly loss since September 2022.

Gold fades upside momentum within rising wedge

Gold price eyes the first weekly loss in three as it retreats inside a 15-week-old rising wedge.