setups

The current attention for EURUSD at a rate of 1.09879 is directed towards 1.1050, according to UOB.

The EURUSD currency pair, which was trading at 1.09860, has lost most of its gains made during the day, as the USD Index has found temporary support.

The price of gold, currently at $1,929.54 for XAUUSD, is experiencing ambiguity in terms of its movement as the bears are facing difficulty with the crucial support level of $1,930.

Although there has been no recent action, bears still have control and USDINR stands at a weekly low of 81.9290. However, @nehcap believes that any potential losses will be minimal.

During a quiet Asian session, the USDJPY pair recovered from its low point and is currently trading at 141.649.

During Thursday's Asian session, the USDCAD has fallen to its lowest point since September 2022, marked at a value of 1.31617.

GBPUSD remains within a limited range of trading at 1.27678 as the market awaits the crucial BoE decision scheduled for Thursday.

During the Asian trading session, the price of gold, represented by #XAUUSD @ 1,933.27, moved within a small range of trading, remaining below the 100-day SMA.

The AUDUSD currency pair, currently trading at 0.67892, is retracting from a recent rebound from its weekly low. The decline is said to have been prompted by a descending trend line originating from Friday which has been bullish for the currency. According to the viewpoint of @nehcap, the downside is likely to be minimal.

Despite a recent lack of action and refreshing a multi-day high, EURUSD is still standing firmly at its highest level in seven weeks at 1.09925.