Despite the AUDUSD pair’s south-run on the downbeat Aussie jobs report, the pair trades successfully inside a 3.5-month-long upward-sloping trend channel. That said, the overbought RSI highlights beyond an ascending trend line hurdle stretched from mid-November and the 61.8% Fibonacci retracement level, respectively near 0.7015 and 0.7090 as near-term key hurdles....
Having reacted to ECB and BOE announcements, gold traders keep their eyes on the US monthly jobs report for January during early Friday. Given the latest negative surprise from the ADP Employment Change, today’s Nonfarm Payrolls (NFP) becomes the key for gold prices as the metal seesaws around the 200-DMA, near $1,806 by the press time, ahead of the release. That...