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Gold Technical Analysis

As gold continues to find support ahead of last week’s $1271.6 low the precious metal managed a spike above

The pair started this morning at $0.9306, after marking a $0.9301 to $0.9331 range during the US hours last night.

The $94.45 resistance level confirmed its significance on Tuesday with the rally remaining capped ahead of this level.

Layers of resistance continue to develop as the EUR/USD works its way lower, again setting fresh 2014 and 11 month lows.

There are no penalties attached to the TLTRO borrowing that prevent banks from using the funding for

The pair started this morning at $1.3167 and edged up to mark an early high of $1.3171 but

The pair closed in NY Tuesday at $1.6541, just off session lows of $1.6540, the low seen as the dollar recovered through the NY session.

Monday’s close above the 200-DMA was followed up with a break and close above the

The pair opened at Y104.07 this morning and ran into early selling from Asian accounts which triggered a fairly sharp drop to Y104.03.

The NZD/USD traded a fairly tight range over the past 24-hours after the previous day’s sharp fall. It trades around0.8330 currently.

AUD/USD continues to oscillate around the 21-DMA ($0.9309) with rallies stalling ahead of the $0.9344-74 resistance region.

Recent measures of inflation by the chain-weighted Consumer Price Index and Personal Consumption Expenditures index show