The pair is trading above the 1.1950 level. If the US employment data turns out to be worse than expected, and the growth in government bond yields continues, this will put pressure on the pair.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 …
Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness the lowest since the eighth of June 2020, overlooking the rebound of the US dollar index from its highest since the beginning of December 2020 according to the inverse relationship …
The Australian dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound to the fifth session in seven sessions from its highest since February 2, 2018, explaining its lowest since February 8, 2021, and to prepare for its second consecutive weekly losses …
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