Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
EUR/USD: 'High Wave' pattern
There's a 'High Wave' pattern, so we could have a local downward correction in the short term. Meanwhile, if a pullback from the Moving Averages happens afterwards, we're likely going to have another upward price movement.
The 144 Moving Average has acted as support, so there's a new local high. It's likely that the pair is going to rise in the coming hours, but if any bearish pattern forms little later on, there'll be time for a downward correction.
GBP/USD is having a third bullish week in a row.
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.