AUD/USD is pushing higher toward the 0.7140 area on Friday, as the US Dollar (USD) loses momentum despite ongoing Middle East noise, allowing risk-sensitive currencies to recover.

The EUR/USD pair ended a three-week winning streak and settled below the 1.1700 mark as the US Dollar (USD) strengthened amid Middle East uncertainty.

USDJPY keeps firm tone and trading near psychological 160 barrier, with near term action being slower on Friday, in comparison to strong gains in previous few sessions.

The Australian Dollar (AUD) posts marginal gains against the US Dollar (USD) on Friday, but remains near 10-day lows of 0.7110, with upside attempts capped below 0.7135 so far.

The EURUSD pair rose in its recent intraday trading, affected by the stability of the ley support at 1.1670, gaining bullish momentum that helped it achieve these gains, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, despite reaching below EMA50, with the dominance of bearish corrective wave on the short-term basis, keeping the bearish pressures valid with the continuation of moving lower likelihood in the upcoming near period.

The dollar index fell below 98.6 on Friday, paring an earlier rise, as traders continued to focus on developments in the Middle East. Al Jazeera reported that government sources indicated a “high likelihood of a breakthrough” in US–Iran talks in Islamabad, with a delegation led by Iran’s Foreign Mi…

The GBP/USD pair recovers its early losses and turns positive around 1.3490 during the European trading session on Friday. The Cable gains as the US Dollar (USD) corrects after a three-day winning streak.

NZD/USD trades higher around 0.5865 on Friday, gaining 0.22% at the time of writing, while the US Dollar (USD) loses ground with the US Dollar Index (DXY) down 0.18% at 98.65.

USD/JPY is testing the 160 ceiling, with 160.40 as the key breakout level and 158/50-day EMA acting as major support below.

USD/CAD continues its winning streak for the fourth successive day, trading around 1.3710 during the early European hours on Friday. However, the technical analysis of the daily chart indicates the pair is remaining within the descending channel pattern, signaling a persistent bearish bias.