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.
