setups

For the second consecutive day, silver (XAGUSD) is facing difficulties in making significant progress in its value.

If the Fed does not give any indication of immediate interest rate cuts, the EURUSD currency pair is expected to stay close to 1.10, according to Commerzbank.

The NZDUSD pair at a rate of 0.60127 continues to face downward pressure and manages to find some support just above the 0.6000 level on Friday.

The NZDUSD pair, currently trading at 0.60089, would shift attention to the June low of 0.5985 if it breaks below the 0.60 level, according to ANZ.

The AUDUSD currency pair, which is trading at a rate of 0.65221, has experienced its first daily increase in four days. It has maintained its recent small gains.

Commerzbank predicts that the USDINR exchange rate will remain stable at around 82.00 during the third quarter and gradually decrease to 81.50 by the end of the year.

The GBPJPY pair has increased to 183.90 from 184.016 after the release of the UK GDP data.

The EURGBP currency pair, which was trading at 0.86499, is experiencing selling pressure and dropping to a new low for the day, after briefly reaching its highest level in three weeks.

The USDMXN currency pair, which is currently at a rate of 17.1070, is pulling back after encountering resistance at an important exponential moving average (EMA) level. This has caused the pair to lose some of the gains it made the previous day when it bounced back from a low point it had reached in the past week. The viewpoint from @nehcap suggests that there is not much potential for further upward movement in the pair.

The USDJPY pair is showing a lack of upward momentum near its highest level of the year. It is gently pushing the four-day uptrend.