Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GBP/USD: two 'V-Bottom' patterns in a row
The pair is consolidating under the local downtrend line. The main intraday target is the next support at 1.3493 - 1.3457. If we have a pullback from this area, bulls will probably try to deliver an upward correction.
There're two 'V-Bottom' patterns in a row, so the market is likely going to test the 55 Moving Average in the coming hours. If this line acts as resistance, there'll be a moment to have another decline.
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.