Fundamental

Gold buyers are fighting back control early Friday, after having found bargain buying interest once again near the $4,650 psychological level.

EUR/USD appears to have run into resistance just below the 1.1800 handle for now. Sellers have struggled to force a clearer move lower from this area, leaving the pair stuck in a holding pattern.

Spot Gold changed direction on Thursday, trimming a good chunk of its recent gains. The XAU/USD pair trades around $4,880 in the American afternoon, after briefly surpassing the $5,000 mark during Asian trading hours.

AUD/USD looks to have run into fairly firm resistance around 0.7050, pausing after a strong three-week rally. The pair is taking a breather rather than rolling over, and any pullbacks so far look more like consolidation than a change in trend.

The fall from last week’s spike higher seems to have slowed to nothing, as the price consolidates above $1.1775.

The US dollar has been falling against the Mexican peso for some time, but the occasional bounce continues to be a thing in this market. That was the case for Wednesday.