Trend Theme：GBP/USD stays directed to 1.3830 resistance confluence.
Trend Review：GBP/USD holds onto 200-DMA breakout around 1.3765 amid a quiet start to Friday’s Asian session. The cable pair’s recovery moves from 61.8% Fibonacci retracement (Fibo.) of December 2020 to June 2021 upside manages to cross the key SMA and 50% Fibo. hurdle, keeping the buyers hopeful.
|PP||Resistance*||1.3806 *||1.3845 **||1.3903 ***|
|1.3749||Support*||1.3710 *||1.3652 **||1.3613 ***|
Trend Theme：NZD/USD: Bears seeking a daily downside extension.
Trend Review：NZD/USD bears are moving in at a critical level of resistance and are seeking a break of 4-hour support which guards channel support and prospects of a lower daily low. The price is meeting a 61.8% Fibonacci confluence with prior lows and the 21-day EMA which would be expected to act as a tough level of resistance.
|PP||Resistance*||0.6986 *||0.7007 **||0.7026 ***|
|0.6966||Support*||0.6946 *||0.6926 **||0.6906 ***|
Trend Theme：USD/CAD: Sellers attack 13-day-old support near 1.2550.
Trend Review：USD/CAD keeps pullback from 50-SMA around 1.2560 during a lackluster Friday morning in Asia. In doing so, the major currency pair remains between the 50-SMA and 100-SMA as bears battle an upward sloping trend line from July 06. As the RSI line holds lower ground, the latest weakness in prices may prevail for a bit longer..
|PP||Resistance*||1.2595 *||1.2628 **||1.2661 ***|
|1.2562||Support*||1.2530 *||1.2497 **||1.2464 ***|
Trend Theme：Gold awaits PMI data inside bullish set-up near $1,800.
Trend Review：Gold edges higher around $1,808, up 0.07% intraday, while extending the bounce off a two-week low during Friday’s Asian session. Improving market sentiment seems to help the gold buyers to retake controls inside a bullish chart pattern, falling wedge, of late.
|PP||Resistance*||1812.34 *||1817.85 **||1827.58 ***|
|1802.61||Support*||1797.10 *||1787.37 **||1781.86 ***|