AUD/USD takes offers to refresh intraday low inside bearish chart formation. Absence of oversold RSI (14) line adds strength to downside bias. Aussie pair’s recovery remains elusive unless breaking one-week-old falling resistance line. AUD/USD renews its intraday bottom around 0.6530 as it prints the first daily loss in three amid early Tuesday morning in Europe.
News
Gold price is holding onto the critical 100-Daily Moving Average support at $1,937. The US Dollar tracks the US Treasury bond yields lower on US debt deal progress. Gold bears are eyeing a sustained break below 100 DMA amid the impending Bear Cross. Gold price is holding the fort above the critical daily support line
USD/CHF extends Friday’s pullback from seven-week high, remains pressured around intraday low. Market’s cautious optimism, positioning before the key data weigh on US Dollar. Swiss Q1 GDP, US CB Consumer Confidence will decorate calendar. Headlines surrounding US debt-ceiling extension, full markets’ reaction to shift in risk catalysts will be the key. USD/CHF drops for the
USD/MXN takes offers to approach 13-day-old horizontal support zone, down for the third consecutive day. Oversold RSI (14) line challenges Mexican Peso pair’s further downside toward yearly bottom. 200-SMA, two-month-old descending resistance line check USD/MXN bulls before giving them control. USD/MXN holds lower ground near the lowest levels in a fortnight, mildly offered around 17.57
USD/JPY has dropped sharply to near 140.00 amid a sell-off in the USD index. The risk profile would be cautious as investors are backing one more interest rate hike by the Fed considering resilience in consumer spending. The BoJ will continue with its bond-buying operations to keep inflation steadily above 2%. The USD/JPY pair has
GBP/USD renews intraday high during three-day rebound from monthly low. UK shop price inflation jumps to record high, per BRC. Optimism surrounding US debt ceiling deal prod US Dollar bulls ahead of mid-tier US data. Risk catalysts are the key for clear directions amid full markets’ return after Monday’s holidays in major economies. GBP/USD prints
USD/CAD slides in Asia as US Dollar bears move in. US debt ceiling, US jobs and Canadian GDP in focus. USD/CAD is under pressure in Asia with the CAD clawing back some recent declines, as a deal to temporarily suspend the U.S. debt ceiling boosted investor sentiment. USDCAD was trading 0.12% lower at 1.3572 after moving in a range