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Editors’ Picks
AUD/USD keeping its head above 21DMA at 0.7673 for now
AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as 0.7660. The pair broke below an uptrend linking the 28 December 2020 high with the 4, 11 and 15 January lows.
EUR/USD is nearing the 1.2000 psychological threshold
EUR/USD corrective decline continues, with the pair approaching a critical psychological support level. Investors await Biden’s inauguration and ECB’s monetary policy decision.
XAU/USD fades recovery moves below $1,850, awaits fresh clues
Gold eases from the top of an immediate $10 trading range while declining to $1,837 at the start of Tuesday’s Asian session. The yellow metal took a U-turn from the lowest since December 01 the previous day as the US dollar stepped back after refreshing the one-month high.
Stellar awaits a massive breakout but remains inside a no-trade zone
XLM has continued to trade sideways since we last reported about it. The digital asset remains locked inside a tightening range which will eventually burst.
US Dollar Index: Immediately to the upside comes 91.00
DXY extends the march north and already trades at shouting distance from the 91.00 barrier, or new 2021 highs.