Currency Market: AUD/EM Trades Vs BRL, PLN, ZAR, CNY, HUF, MYR

Brian Twomey Brian's Investment

Not only is AUD/USD and AUD cross pairs oversold to G28 currencies but AUD Vs EM begins the week at exorbitant oversold and offers easy money trades for the week. Offered are AUD Vs EM trades. Nothing happening to AUD/TRY but against the vast majority of EM currencies, AUD is massively oversold and heading higher.

AUD/BRL Close 3.8272

Long 3.7953 and 3.7803 to target 3.8554.

AUD/CNY Close 4.7449

Long 4.7404 and 4.7355 to target 4.7753.

AUD/DKK Close 4.6018

Long Anywhere or 4.6006 to target 4.6414

AUD/HRK Close 4.6411

Long Anywhere or 4.6408 to target 4.6856

AUD/HUF Close 221.73

Long 221.79 to target 223.52

AUD/MYR Close 3.0990

Long Anywhere or 3.0967 to target 3.1133

AUD/PLN Close 2.8266

Long Anywhere or 2.8266 to target 2.8558

AUD/RON Close 3.0415

Long 3.0457 to target 3.0716

AUD/ZAR Close 10.7066

Long 10.6801 and 10.6701 to target 10.7401

AUD/RUB Close 53.71

Long Anywhere or 53.53 and 53.46 to target 55.12.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

EUR/USD recedes to daily lows near 1.1770

EUR/USD is losing some momentun, easing to daily troughs around 1.1770 on turnaround Tuesday. The pair’s pullback comes amid solid gains in the US Dollar, all amid lingering uncertainty around US tariffs ahead of comments from Fed officials.

GBP/USD comes under pressure below 1.3500, focus on BoE

GBP/USD is on the defensive again on Tuesday, hovering below the 1.3500 mark as the Greenback stages a firm rebound after two soft sessions. Investors, in the meantime, are expected to closely follow BoE official’s comments later in the day.

Gold fades the advance, back to $5,100

Gold is giving back a good portion of the recent multi-day rally, receding to the boundaries of the $5,100 region per troy ounce amid the marked rebound in the Greenback. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

AI-scare trade and tariff uncertainty takes hold

It was quite a day, with AI-disruption fears and tariff uncertainty triggering a risk-off session. By now, it's nearly impossible to have missed the Supreme Court's 6-3 decision that struck down US President Donald Trump's reciprocal tariffs last Friday.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.