Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUD/USD daily and 4-hour charts.
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AUD/USD: Bulls need to clear 0.6540
AUD/USD reversed part of Monday’s optimism and came all the way down to revisit the 0.6450 region, where its critical 200-day SMA also sits. The marked daily pullback in the pair followed the solid rebound in the US Dollar despite steady concerns on the trade front.
EUR/USD: Tough resistance emerges around 1.1450
EUR/USD gave away most of the gains recorded at the beginning of the week, coming back to the area below the 1.1400 support on the back of the resurgence of the bid bias in the Greenback. Market participants will now shift their attention to the upcoming data releases in the US labour market.
Gold holds on to higher ground around $3,350
Gold is falling from its multi-week high of over $3,400 achieved on Monday. It is currently losing further momentum and flirting with the $3,350 region per troy ounce on the back of a strong Greenback, higher yields and mixed US data.
Ripple Price Prediction: XRP could stage massive recovery amid growing institutional adoption
Ripple’s (XRP) gains momentum as the crypto market broadly consolidates, trading at $2.22 at the time of writing on Tuesday. The slight uptick in the XRP price comes amid recovery in the broader crypto market, particularly with Bitcoin (BTC) stepping above $106,000.
AUD/USD: Bulls need to clear 0.6540
AUD/USD reversed part of Monday’s optimism and came all the way down to revisit the 0.6450 region, where its critical 200-day SMA also sits. The marked daily pullback in the pair followed the solid rebound in the US Dollar despite steady concerns on the trade front.
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