The dollar witnessed a mixed session.........>

DOLLAR: The dollar witnessed a mixed session overnight, registering minor gains

against EUR & NOK, losses against GBP & NZD. GBP outperformed after the European

Council outlined its agreement on a Brexit delay until May 22 if the UK

Parliament approves PM May's withdrawal deal next week.

- The DXY pared post-FOMC losses yesterday and rallied to 96.62, before easing

toward the NY close. The index extended its downtrend through Asia and holds

around the base of its 96.28-41 range. Failure to consolidate above the the

100-dma (96.54) gives control back to the bears with downside focus on the

200-dma & Mar 20 low at 95.86/74. Bulls need a weekly close above 96.54 to

stabilise the outlook and challenge the 97.00 level.

- Yesterday's dollar recovery saw gold drop $17 on the session, before basing

ahead of $1303. The yellow metal has since staged a minor recovery back through

$1311 with near-term resistance seen at $1311.89/1313.91, which represents the

50%/61.8% retracements of yesterday's fall. Bulls need to clear $1320 to regain

control and target the Feb highs at $1346.80.