David Song

The recent recovery in USD/CHF seems to be stalling as the exchange rate falls back from the former support zone around the 2023 low (0.8333).

EUR/USD may continue to coil above the 50-Day SMA (1.0890) as it defends the weekly low (1.1308).

The V-shape recovery in AUD/USD seems to have stalled ahead of the December high (0.6515) as it struggles to retain the advance from the weekly low (0.6344).

Data prints coming out of the UK may drag on the British Pound should the Retail Sales report reveal a slowing economy.

The price of gold seems to be coiling above the 50-Day SMA ($3042) as it defends the weekly low ($3260).

EUR/USD reverses ahead of the November 2021 high (1.1617) to register a fresh weekly low (1.1308).

USD/CHF continues to recover from a fresh yearly low (0.8040) to pull the Relative Strength Index (RSI) out of oversold territory.

USD/CAD cracks the November low (1.3821) ahead of Canada’s federal election on April 28.

GBP/USD falls ahead of the 2024 high (1.3434) to threaten the ten-day rally.

AUD/USD pushes above the February high (0.6409) as it extends the V-shaped recovery from earlier this month.

USD/JPY falls toward the 2024 low (139.58) as it slides to a fresh yearly low (140.47).