Gold prices added to recent gains amidst rising open interest on Monday …

EURUSD

EUR/USD is holding ground above 1.0900, as bulls look to a bunch of ECB policymakers and the US data to defend the previous rebound in Tuesday’s Asian session. The pair is on the front foot, as the US Dollar struggles amid a risk-on market mood.

 If the pair continues the uptrend to the range of 1.0953, it is expected to continue the uptrend to the range of 1.0988.

On the other hand, If the pair continues the downtrend to the range of 1.0904, it is expected to continue the downtrend to the range of 1.0889.

USDJPY

The USD/JPY pair is demonstrating back-and-forth action around 143.50 in the early European session. The asset is expected to deliver a strong upside above 144.00 as investors are hoping that the Bank of Japan (BoJ) will continue to keep the monetary policy dovish in order to attain sustainable 2% inflation.

if the pair continues the uptrend to the range of 143.84, it is expected to continue the uptrend to the range of 144.61.

On the other hand, If the pair continues the downtrend to 143.07, it is expected to continue the downtrend to 142.62. 

GBPUSD

GBP/USD is advancing toward 1.2750, showing some resilience in the European morning this Tuesday. The pair is underpinned by the upbeat market mood and a broadly subdued US Dollar performance. All eyes are now on US Durable Goods and housing data.

If the pair continues the uptrend to the range of 1.2777, it is expected to continue the uptrend to the range of 1.2805.

On the other hand, if the pair continues the downtrend to 1.2716, it is expected to continue the downtrend to 1.2683.

AUDUSD

AUD/USD is edging higher to regain the 0.6700 level in Tuesday’s Asian trading. The US Dollar is losing ground amid an improving risk sentiment, as traders await top-tier US economic and Fedspeak. The Aussie also tracks the Yuan fix after the PBOC set it higher.

If the pair continues the uptrend to the range of 0.6742, it is expected to continue the uptrend to the range of 0.6822.        

On the other hand, if the pair continues the downtrend to 0.6705, it is expected to continue the downtrend to 0.6690.

XAUUSD

Gold clings to mild gains around the intraday high as it prints a three-day winning streak amid cautiously optimistic markets. The precious metal cheers the US Dollar’s positioning for the key data, as well as the risk-positive headlines from China, amid dicey trading hours on Tuesday.

If the pair continues the uptrend to the range 1930.87, it is expected to continue the uptrend to the range of 1943.46.

On the other hand, if gold continues the downtrend to the range of 1918.28, it is expected to continue the downtrend to the range 1905.69.