technical

The Australian Dollar (AUD) kept climbing on Thursday, with AUD/USD pushing past 0.6500 after Wednesday’s advance.

The EUR/USD pair regained its upward strength on Thursday, hitting an intraday high of 1.1675 during European trading hours. The US Dollar (USD) edged south after dovish comments from Federal Reserve (Fed) Bank of New York President John Williams.

GBP/USD registered marginal gains for the second consecutive day on Wednesday and stabilized near 1.3500 in the European session on Thursday. The pair’s technical outlook highlights sellers’ hesitancy as key support levels remain intact.

EUR/USD trades in a narrow channel at around 1.1650 after failing to make a decisive move in either direction on Wednesday. In the second half of the day, the US economic calendar will feature data releases that could trigger a short-term reaction.

Gold is replicating the retracement moves seen in Wednesday’s Asian trades, after having faced rejection once again at the $3,400 threshold.

EUR/USD trades sideways with a bearish tilt as Fed independence concerns and political uncertainty weigh, with key support at 1.1560 and resistance at 1.1680–1.1770.