The Aussie dollar is currently trading near 0.7225, having hit a high of 0.7238 earlier today. Notably, the pair is having a tough time scaling the 100-hour SMA lined up at 0.7232, as mixed Chinese data dump does little to lift the sentiment around the AUD.
The USD/JPY pair is seen consolidating the bounce below the 114 handle, as the bears continue to guard the last amid a risk-off tone seen on the Asian equity markets.
There are growing reports that the final piece of the Brexit puzzle is about to be put in place: the Irish backstop. It began with a tweet by Tom Bradby, an anchor with ITV that said that "it sounds like the negotiators have agreed on a final text for Brexit deal.
Crypto market overview: Bitcoin stuck under $6,300; NEM and XRP are the only green spots in the sea of red
Bitcoin is mostly unchanged since this time on Tuesday, changing hands at $6,268. The largest virtual coin has been sitting under $6,300 handle recently after a failed recovery attempt at the beginning of the week.
EOS price action seen nursing deep losses of some 2.8% in the latter stages of trading on Tuesday. EOS/USD bears are testing a key daily supporting trend line.
Ripple's XRP came under heavy selling pressure in the latter stages of trading on Tuesday. It doesn't appear to be anything fundamental. The move possibly technically linked. A breach of a near-term support area was seen, which could have seen sellers pile in.
Bitcoin Cash price is outperforming many of its peers, holding decent gains over 3% in the session. BCH/USD price action broke out of a descending channel and has observed a retest, playing by the book technically.
The EUR/USD attempted a recovery but found itself on the back foot once again
The EUR/USD hit a new high of 1.1500 but was unable to hold onto it. The failure resulted in a gradual drop to the bottom of the range. The US Mid-Term elections yielded a divided government: Democrats won the House and Republicans retained the Senate, a result that had been forecast by the polls.
GBP/USD tumbled down at the wake of the new week but recovered some of its losses. It was all about Brexit that remains in the spotlight, but also about the British jobs report. What levels should we watch?
The Technical Confluences Indicator shows that cable has some support around 1.2875 which is the convergence of the Bollinger Band 15m-Middle, the Fibonacci 38.2% one-day, the previous hour's low, the Simple Moving Average 5-15m, and the SMA 10-15m.
Below, substantial support awaits at 1.2832 where we see the Fibonacci 23.6% one-month, the Bollinger Band 1h-Lower, and yesterday's low.
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