FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro- Major Pair levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Pair levels and bias summary 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1960.61
Kijun-Sen- $1973.74
Gold prices showed a nice pullback from yesterday's low of $1949.The banking crisis and hopes of a rate pause by the Fed support the yellow metal at lower levels. It hits a high of $1975.19 and is currently trading around 1967.21.
US Conference Board consumer confidence improves to 104.20, compared to a forecast of 101. Richmond Fed manufacturing index improves to -5 vs. Expected -10.
Major economic data for the day
Mar 29th, 2023 US Pending home sales m/m (3 pm GMT).
US dollar index-Bearish. Minor support around 102.50/101.80. The near-term resistance is 103.40/104.20.
According to the CME Fed watch tool, the probability of a no-rate hike in Mar decreased to 58.3% from 35.9% a week ago.
The US 10-year yield surged more than 9% after forming a minor bottom of 3.287%. The US 10 and 2-year spread narrowed to -51.4% from -108%.
Factors to watch for gold price action-
Global stock market- bearish (positive for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- bullish (negative for gold)
Technical:
The near–term support is around $1955, a break below targets of $1944/$1935/$1921/$1890.The yellow metal faces minor resistance around $1966, and a breach above will take it to the next level of $1980/$2010/$2020.
It is good to buy on dips around $1936 with SL around $1920 for TP of $2000.
