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The Japanese Yen is leveling off against the US Dollar with upside momentum fading. Meanwhile, will the New Zealand Dollar reverse higher against JPY?
The Australian Dollar continues to face key turning points against the US Dollar and Japanese Yen. AUD/USD downside momentum is fading, and an AUD/JPY triangle breakout seems imminent.
Gold and silver prices face a somewhat divergent technical landscape. A key trendline is maintaining the bearish XAU/USD outlook while XAG/USD remains range-bound.
The British Pound may be readying to extend lower against the US Dollar with a bearish Head & Shoulders chart formation in play. Meanwhile, will GBP/JPY hold at the 50-day Moving Average?
The Australian Dollar remains pressured, with AUD/USD closing at its lowest since November, opening the door to downtrend resumption. Meanwhile, AUD/JPY faces a Symmetrical Triangle.