Intraday Trading

AUDUSD sees limited rebound The Australian dollar softens over dovish RBA meeting minutes. The pair has met stiff selling pressure near the 30-day moving average (0.7220). On the hourly chart, a bearish MA cross and a break below…
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AUDUSD bounces higher The US dollar softened over profit-taking after the Fed sped up tapering as expected. The pair has found support over the psychological level of 0.7000. A break above the supply zone at 0.7170 is a show of…
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XAUUSD awaits breakout Gold consolidates as traders await the Fed’s monetary policy update. The metal came under pressure after it erased all gains from the November rally. Price action is stuck in a narrowing range between the…
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USDCHF looks for breakout The US dollar consolidates ahead of the Federal Reserve meeting. The pair is grinding for support above 0.9160 after it gave up most gains from the November rally. Overall sentiment remains positive as long…
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XAUUSD struggles for support Gold is stalling ahead of US inflation data expected later today. A bearish MA cross on the daily chart weighs on overall sentiment. The bulls have been eager to buy the dips in the demand zone from last…
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USDCAD tests key support The Canadian dollar inched lower after the BOC left its interest rate unchanged as expected. The pair has met stiff selling pressure at the supply zone around 1.2850, a triple top on the daily chart. A drop…
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EURUSD seeks support The euro bounced higher after the bloc’s Q3 GDP beat expectations. A previous rebound was capped by the 20-day moving average, suggesting that the bearish sentiment still prevails. The RSI’s double top in the…
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GBPUSD attempts to rebound The sterling consolidates as BOE officials stress due to inflationary pressure from a tight labor market. So far, rebounds have been an opportunity for trend followers to sell into strength. The pound is…
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USDCHF struggles to bounce The US dollar softened after November’s nonfarm payrolls missed the mark. The pair has met stiff selling pressure at 0.9270, a former support that had turned into a resistance. The bullish RSI divergence…
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XAUUSD tests key support Gold treads water as markets await US jobs data release. The metal remains under pressure after it failed to maintain bids above 1780. Sellers are testing the daily support at 1760. A bearish breakout would…
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