Analyzes

AUD/USD remains biased higher while consolidating around 0.71, with 0.70–0.69 as key support and 0.73 as the next target on a clean breakout.

Bitcoin remains range-bound with heavy resistance near $72,000 and key support at $60,000, suggesting consolidation is the best-case scenario unless bulls reclaim higher levels.

EUR/USD keeps its footing early Friday and moves sideways in a tight band above 1.1800. While the technical outlook points to a mildly bullish bias in the short term, the cautious market mood caps the pair’s upside.

The GBP/USD pair oscillates in a narrow band around the 1.3500 psychological mark through the first half of the European session on Friday and remains close to the weekly low, touched the previous day.

Gold is testing bearish commitments once again at the $5,200 level early Friday, looking to close the week over 1.50% higher. However, buyers await the US Producer Price Index (PPI) data for fresh trading impetus.   

EUR/USD remains unable to gather serious traction, leaving the door open to further weakness down the road, where it could put its critical 200-day SMA to the test in case of a convincing breach below the monthly floor near 1.1740.