UBS sees buying opportunity in AUD/USD on dip

The AUD/USD pair trades 0.55% higher to near 0.7050 during the European trading session on Friday.

EUR/USD slipped below the 200-day EMA and is testing the 1.15–1.16 support zone. A break lower could expose 1.11, while 1.1750 is key resistance.

US Dollar Index (DXY) hits 99.21 as a refinery strike in Bahrain ignites safe-haven demand. Discover if war risk will push the greenback to the 100.00 milestone.

USD/JPY bounced after an early drop, with buyers defending pullbacks. A move above 158 keeps focus on 160 as the next major resistance level.

GBP/USD fell sharply Thursday as USD strength returned. The 1.3250 level is key support, with a break lower exposing 1.30.

The EUR/USD pair opens with a bearish gap at the start of a new week as the US-Iran war-led global flight to safety boosts the US Dollar (USD). Spot prices, however, lack follow-through selling and manage to hold above mid-1.1700s during the Asian session.

(EURUSD) kept its early gains on its last intraday levels, amid the attempts of the pair to correct the main bearish trend with the continuation of the negative pressure due to its trading below EMA50, with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence.

An old channel trend line broken earlier this week, is revisited and hold this time.

The (NZDUSD) price settles on gains on its last intraday levels, to retest 0.5935 key resistance, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on short-term basis, especially with its trading alongside supportive trend line for this path, accompanied by the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence.