setups

The GBP/USD pair dropped to the 1.2670 level, which is below the 20-day simple moving average.

The AUDUSD pair remains unchanged at 0.64818 after dropping to a low of 0.6461 earlier in the day.

The NZDUSD pair is staying below the 20-day Simple Moving Average (SMA) of 0.5973 and is consolidating around the 0.5950 level. This marks the second day in a row that the pair has experienced losses.

The exchange rate for the USDCHF currency pair is currently at 0.8842, showing a rebound from earlier in the day when it reached a low of 0.8771. This recovery is mainly attributed to the US PCE inflation data matching expectations, while in contrast, Swiss retail sales experienced a significant decrease of 2.3% month-on-month.

The USDJPY pair is currently trading at 145.60, decreasing by 0.42%. Despite positive US data, the pair failed to improve. The DXY index rose by 0.51% to 103.718 but was unable to support the USDJPY pair.

The AUDUSD currency pair, currently trading at 0.64669, is aiming to maintain a stable position above the 0.6500 level in order to prepare for a potential increase in value prior to the release of the US Nonfarm Payrolls report.

The EURUSD currency pair experiences a significant drop after gaining ground for three consecutive days.

The price of silver sharply declines from $25.00 per ounce as the US PCE price index continues to remain stable.

#EURJPY is experiencing a downward trend after reaching the highest levels so far in 2023 at a rate of 158.593.

The USDCAD pair is currently at 1.35300 and is expected to find support around 1.3520. At the same time, the US Dollar is experiencing a quick rebound.