AUD/USD bullish – Above 0.70? [Video]
![AUD/USD bullish – Above 0.70? [Video]](https://editorial.fxsstatic.com/images/i/AUDUSD-bullish-animal_XtraLarge.png)
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Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
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The EUR/USD pair is up 0.36% to near 1.1900 during the Asian trading session on Monday. The major currency pair strengthens as the US Dollar extends last week’s decline amid caution ahead of the Federal Reserve's monetary policy announcement on Wednesday.
The GBP/USD pair trades in positive territory near 1.3660, the highest since September 17, 2025, during the early European session on Monday. The Pound Sterling edges higher against the Greenback on the stronger-than-expected UK Retail Sales and Purchasing Managers Index data. Traders will keep an eye on the US November Durable Goods Orders report later on Monday.
XAU/USD has left dust behind the $5,000 level on threats of a US government shutdown, scars from the transatlantic rift around Greenland and speculation of coordinated efforts to boost the Yen, indirectly hurting the US Dollar.
Bitcoin, Ethereum, and Ripple prices recovered slightly at the time of writing on Monday after correcting by over 7%, 14%, and 7%, respectively. The top three cryptocurrencies are nearing key support levels, and if they hold, could consolidate or extend their recovery in the upcoming days.
Well, what a week it has been. And that is putting it mildly. Fortunately, for those of us nursing their geopolitical-induced headaches, this week offers a chance to refocus on central bank decisions, inflation figures, and corporate earnings.
Cardano (ADA) price hovers around $0.34 at the time of writing on Monday, after three consecutive weeks of correction since early January. The falling Open Interest (OI) further supports the ongoing correction signaling waning investor participation.
