The Australian Dollar (AUD) extended its weekly losses, pushing AUD/USD back toward three-week lows near 0.6420, an area coincident with the August floor.

The gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential…

Amid strong selling pressure, the EUR/USD exchange rate has fallen to its lowest levels, near the 1.1630 support. The pair’s losses came as the market’s focus shifted to geopolitical developments and US-led efforts to mediate a deal in Ukraine.

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After falling to a fresh eight-day low near 1.3460 in the Asian session on Wednesday, GBP/USD recovered to the 1.3500 area in the European trading hours. The pair’s technical outlook, however, doesn’t yet offer any convincing signs of an extended recovery.

EUR/USD struggles to gain traction and trades slightly below 1.1650 in the European session on Wednesday after posting small losses on Tuesday.