Daily Market Analysis

While risk-sensitive currencies like AUD and NZD try to figure out whether to close gaps or not, the USD is strengthening versus gold.

On a daily chart of AUD/USD, the gap-up of the week occurred.

On the daily chart of NZD/USD,  the 113% target of the "Shark" pattern was reached.

The Japanese yen gained on Wednesday and Thursday against the US Dollar on the comments from the Federal Reserve Chairman Jerome Powell.

There's a 'Doji' on the Moving Averages. In this case, it's likely that the pair is going to achieve the closest resistance...

Let’s get into the fundamental factors which have an impact on the key currencies…

The pair is likely going to reach the nearest support at 1.2728 - 1.2723 in the coming hours...

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

AUD/JPY is testing levels above the 50-week MA at 82.79.

On a daily chart of EUR/USD, there is a correction towards the downward middle-term trend as a part of the transformation of the "Shark" pattern into 5-0. 

On the daily chart of EUR/GBP bulls could take control over the situation after a small reversal.