Gold prices surged nearly 2.8% into the April open with the recent technical breakout stalling into uptrend resistance. The threat of a larger pullback remains while within the monthly opening-range. These are the updated targets and invalidation levels that matter on the XAU/USD short-term technical chart.
Crude oil has rallied for the past three-weeks with a rebound off technical support now challenging the objective yearly opening-range highs. Is a low in place for WTI? These are the updated targets and invalidation levels that matter on the oil weekly technical chart.
Euro is attempting to mark a third consecutive weekly advance with EUR/USD eyeing the 2023 range high. While the medium-term outlook remains constructive, the advance may be vulnerable here as price tests long-term downtrend resistance. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart.
The Australian Dollar plunged rallied more than 3.4% off the March lows with the advance now testing the first major resistance hurdle. The battle lines are drawn heading into the April open with the multi-week rally vulnerable while below today’s highs. These are the updated targets and invalidation levels that matter on the AUD/USD short-term technical chart.
The Japanese Yen rebounded off a key pivot zone at yearly uptrend support last week with a breakout of a multi-month downtrend in USD/JPY fueling a rally of more than 8.2% off the January low. Price is poised to mark an outside-day reversal off Fibonacci resistance today and while the move does threaten a deeper correction near-term, the broader technical outlook remains constructive while above December lows. These are the updated targets and invalidation levels that matter on the USD/JPY short-term technical charts.