AUD/USD confined in narrow trading band range just above 200-DMA

Haresh Menghani FXStreet

The AUD/USD pair seems to have entered a consolidative phase and seesawed between tepid gains / minor losses within a narrow trading band just above the very important 200-day SMA.

Holiday thinned market liquidity condition has failed to provide any fresh impetus, forcing the pair to consolidate previous session's strong gains to 1-1/2 week tops. Thursday's release of upbeat Australian jobs data triggered a bout of short-covering, albeit the pair lost its upside momentum just ahead of the 0.76 handle. The pair eventually trimmed some its strong gains but managed to close above the 200-day SMA hurdle.

In absence of any market moving events / economic releases before the NA opening, the pair seems more likely to extend the subdued, range-bounce price-action. Later during the day, the pair is likely to be influence by the US economic docket, featuring the release of latest CPI print and monthly retail sales figures.

Technical levels to watch

On a sustained move above 0.7575 level (session peak), the pair is likely to make a fresh attempt towards conquering the 0.7600 handle before heading towards 50-day SMA hurdle near 0.7625 region.

On the flip side, retracement below 0.7555-50 region (200-day SMA) could prompt some additional profit taking towards 0.7530-25 horizontal support ahead of the key 0.75 psychological mark.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD remains stronger above 1.3500 following Trump’s State of the Union

GBP/USD remains in the positive territory for the fourth successive session, trading around 1.3510 during the Asian hours on Wednesday. The pair appreciates as the US Dollar remains subdued following US President Donald Trump’s first State of the Union address of his second administration before a joint session of Congress.

Gold re-attempts $5,200 amid tariffs and geopolitical woes

Gold buyers are back in the game early Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.