AUD/USD keeps its bullish consolidative mode intact around 0.7850 despite mixed Australian Retail Sales and NAB Survey. Risk appetite strengthens as equities, gold cheer NFP’s miss, which hammered the US dollar.
Gold stays on the consolidation mode around $1,835 during the initial Asian session on Monday. Gold flashed a three-day rally while poking the early February tops on Friday after the US employment report for April helped American policymakers to defend the continuation of easy money policies.
The selling pressure in the Dogecoin (DOGE/USD) remains unabated for the second straight day on Sunday, as the corrective mode from all-time highs of $0.7605 remains intact. DOGE bulls remain hopeful as 21-DMA support holds, with RSI still bullish.
GBP/USD is a mixed picture for days ahead as the price extends higher but leaves a bearish chart pattern on the daily time frame. The monthly chart is bullish while above the support structure as the price runs deeper into the supply territory.
Well after a fairly sluggish start to the week things certainly sprang to life on Friday as a brutal employment report was a catalyst for a strong rally! Go figure. Well, the logic is actually not as stupid as it first appears. Bears have been hibernating and face possible extinction.
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