Fundamental

Bitcoin continues to build a potential bottoming pattern, with buyers defending key support and eyeing a breakout above $96,000 to confirm trend reversal.

The Australian dollar remains near multi-month highs despite Thursday’s dip, supported by China’s recovery and expected RBA tightening as markets eye NFP.

Gold prices bounced off key $4400 support on Thursday, with buyers stepping in ahead of the NFP report, reinforcing the bullish longer-term trend.

The USD/CAD pair attracts buyers for the sixth straight day on Friday and climbs back closer to its highest level since December 5 during the first half of the European session.

EUR/USD stays on the back foot and trades near 1.1650 after closing in negative territory on Thursday. While investors prepare for the release of the key December employment data from the US, the pair’s technical outlook suggests that the bearish bias stays intact.

Gold is battling a critical resistance just under the $4,500 threshold early Friday, having closed well above the $4,450 barrier on Wednesday. The next big in Gold now hinges on the US Nonfarm Payrolls (NFP) data and the Supreme Court ruling on President Donald Trump’s tariff powers.