(Gold) XAUUSD remains choppy
(Gold) XAUUSD saw a slight lift as President Trump hinted at replacing the current Chair of the Federal Reserve, Jerome Powell. Since the market calmed down, the price is licking its wounds after failing to hold above 3340. Only a break above 3380, the top range of the current spike, might put the precious metal back on track. Otherwise, a fall below the fresh support of 3300 would open the door to 3270.
USDCAD steadily climbing higher
The Canadian dollar attempts to counter a potential comeback by the greenback. The pair remains under pressure as a series of higher highs now sees some resistance after a rejection at 1.3750. The buy side is attempting to continue the drive with a 60-pip jump, which saw a bounce from the mid-1.3600 region. A heavy rejection here will see price action fall back below 1.3700, with 1.3640 the next target for sellers.
NZDUSD sinking lower
The American dollar looks to fight back against most of its competitors as sentiment shifts again. The price has been drifting lower since reaching 0.6100 at the start of a sell-off earlier this month. 0.5910 has offered some support, but its breach would trigger a new round of liquidation and make 0.5860 the next target. 0.5960 is a fresh resistance as an oversold RSI could cause a limited rebound.
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