Analyzes

EUR/USD continues to trade within its long-held range as dollar strength caps rallies near 1.18 and support remains near 1.15.

AUD/USD remains stuck in consolidation despite a small bounce, with weak momentum and firm USD strength keeping rallies as selling opportunities.

GBP/USD saw volatile trading after BoE and CPI releases, but key levels remain intact and the pound continues to show relative strength versus peers.

USD/JPY drifted lower after a CPI miss, but the broader uptrend remains supported by a persistent rate differential and strong long-term bullish bias.

EUR/USD fluctuates in a tight channel above 1.1700 after posting marginal losses on Thursday. The pair’s technical outlook points to a lack of buyer interest in the short term.

Gold (XAU/USD) extends the previous day’s late pullback from the vicinity of the record high and attracts some follow-through selling during the Asian session on Friday. The US Consumer Price Index (CPI) report released on Thursday pointed to cooling of inflationary pressure.