EURUSD

EUR/USD is trading modestly flat just below 1.0700, extending its sideways movement in Asia this Thursday. The US debt deal wins the House passage. Traders refrain from placing fresh bets on the pair ahead of the EU inflation data and the US jobs data.

 If the pair continues the uptrend to the range of 1.0739, it is expected to continue the uptrend to the range of 1.0789.

On the other hand, If the pair continues the downtrend to the range of 1.0637, it is expected to continue the downtrend to the range of 1.0585.

USDJPY

USD/JPY picks up bids to refresh its intraday high near 139.50 as it prints the first daily gains in four during early Thursday. In doing so, the Yen pair recovers from the bottom line of a short-term bull flag formation. The RSI (14) line’s rebound from the below-50 region seems to underpin the USD/JPY pair’s latest recovery moves within the flag.

if the pair continues the uptrend to the range of 140.80, it is expected to continue the uptrend to the range of 141.21.

On the other hand, If the pair continues the downtrend to 138.93, it is expected to continue the downtrend to 138.52        .

GBPUSD

GBP/USD grinds near weekly high as bulls and bears jostle ahead of the key data/events scheduled for publishing on Thursday. The Cable pair makes rounds to 1.2450 during early Thursday morning in Europe amid the latest retreat in the US Dollar, mainly due to the cautious optimism and receding hawkish Fed bias.

If the pair continues the uptrend to the range of 1.2474, it is expected to continue the uptrend to the range of 1.2507.

On the other hand, if the pair continues the downtrend to 1.2378, it is expected to continue the downtrend to 1.2315.

AUDUSD

AUD/USD prints the first daily gains in three around 0.6520 as cautious optimism in the market joins the mixed concerns about Federal Reserve (Fed) to recall buyers early Thursday. However, the looming employment clues from the US and impending voting on the US debt-ceiling bill in the Senate check the risk-barometer buyers.

If the pair continues the uptrend to the range of 0.6536, it is expected to continue the uptrend to the range of 0.6568.        

On the other hand, if the pair continues the downtrend to 0.6465, it is expected to continue the downtrend to 0.6426.

XAUUSD

Gold is demonstrating topsy-turvy moves in a $1,962-1,967 range in the Asian session. The precious metal has turned sideways as investors are awaiting the release of the US Employment data to gain serious guidance about June’s interest rate policy of the Fed.

If the pair continues the uptrend to the range 1973.75, it is expected to continue the uptrend to the range of 1984.85.

On the other hand, if gold continues the downtrend to the range of 1952.64, it is expected to continue the downtrend to the range 1942.63.