$XAUUSD - Buy momentum slowingXAUUSD bearish momentum has slowed as it reached the previous resistance level of 1,920.76. Besides, the MACD indicator has shown a bearish divergence and the Stochastic RSI indicator has reached the overbought zone. Long traders may watch out for possible pullback on this pair, while short traders may find short-term SELL opportunities. Resistance: 1,920.76Support: SMA trend lines
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$USDJPY - Buy as price enters brief correctionThe USDJPY recently experienced a bullish momentum after a slowdown yesterday. The MACD and Stochastic RSI indicators have both shown a bullish divergence as the price rises near the SMA 20 trend line in the 30-minute chart. Traders may find BUY opportunities as the price is now experiencing a correction. Resistance: SMA trend lineSupport: 144.935, 144.640
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The $AUDUSD pair struggled to maintain its initial gains and is trading near 0.6800 in early Thursday morning, reflecting market uncertainty following mixed signals from US Federal Reserve Chairman Jerome Powell and China. The pair rebounded on Wednesday, indicating a possible end to the correction from previous highs, and is currently above key SMAs on the daily chart. Technical indicators on the 4-hour chart support the Aussie, but it needs to hold above 0.6800 and surpass the 20-period SMA and downtrend line around 0.6815/20 for further gains towards 0.68360. However, if it fails to hold above 0.6800, the pair may continue in corrective mode, with potential sell targeting 0.6720 after breaking the support at 0.6783.Support level: 0.6783, 0.6720Resistance level: 0.68059, 0.68360
