XAUUSD
Gold continue to bounce between 3,375 and 3,309. Continue to monitor for breakout either side.
The daily 50 EMA is turning flat, signalling consolidation or potential change of trend.
EURUSD
The EURUSD reached the daily 50 EMA as a dynamic support.
If the daily support is broken to the down side, EURUSD is turning bearish.
Otherwise, if the H4 resistance is broken to the up side, the bullishness continues.
USDJPY
The USDJPY rallied to the daily resistance area and is now consolidating.
It is possible that this pair will continue its bullish run. However, we need to beware of the potential pull back to test the 50 daily EMA. If so, that may give us a chance to go long.
AUDUSD
This pair’s difficult upward move may have came to a halt, with its chart showing a double top.
If 0.65, which is the area of the neck line, is broken, this pair may become bearish.