AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is trading at 0.6771; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6745 and then resume moving upwards to reach 0.6860. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6705. In this case, the pair may continue falling towards 0.6615.

AUDUSD

 

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD is trading at 0.6317; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 0.6285 and then resume moving upwards to reach 0.6410. Another signal to confirm further ascending movement is the price’s rebounding from the support level and forming Head & Shoulders reversal pattern. However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6255. In this case, the pair may continue falling towards 0.6175. After breaking the neckline and fixing above 0.6345, the price may continue moving upwards. However, bears managed to “defend” the resistance level at 0.6335 so far, because it’s the second time the price is rebounding from it.

NZDUSD

 

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is trading at 1.3284; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3295 and then resume moving downwards to reach 1.3170. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 1.3355. In this case, the pair may continue growing towards 1.3395. After breaking the rising channel’s downside border and fixing below 1.3220, the price may continue moving downwards.

USDCAD

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EUR/USD turns below 1.10 as market mood eases

EUR/USD has dropped below 1.10 as the market mood improves. Earlier, it hit three-week highs as the stock market crash and rush into bonds is raising the chances of the US Fed cutting rates. Further coronavirus headlines are awaited.

EUR/USD News

GBP/USD hits new 2020 low amid Brexit rhetoric, coronavirus headlines

GBP/USD has dipped below 1.2800, hitting a new 2020 low as concerns about a no-trade-deal Brexit are weighing on the pound. Modest recovery seen in USD during the American session keeps the bearish pressure intact.

GBP/USD News

XAU/USD tumbles near two-week’s lows, sub-$1600/oz

Gold has been dropping sharply this Friday while reaching the 200 SMA on the four-hour chart. XAU/USD bulls gave up as sellers took the market down sharply. The bears seem to be in charge and more down could potentially be expected. 

Gold News

WTI remains under pressure around $45.00

Nothing new around crude oil prices, with rising concerns on the Chinese COVID-19 and its potential impact on the economy and the demand for the commodity keeping traders’ sentiment well depressed.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

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