On Thursday afternoon, GBPUSD is trying to keep its positive momentum despite negative newsflow.
The major currency pair updated its four-month low and reached a new bottom.
After reaching the predicted target at 0.6745, AUDUSD has returned to 0.6707.
After testing the low, AUDUSD is correcting upwards; in the case of USDCAD, the uptrend has transformed into a pullback.
AUDUSD is rebounding from the cloud; NZDUSD is about to resume falling, while USDCAD is correcting to the downside.
EURUSD has broken the descending channel’s downside border, while USDJPY is forming another correction within the ascending tendency.
Both USDCHF and XAUUSD are consolidating but may resume growing towards 7/8.