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AUD/USD fails to resist once again above 0.6850, trade woes weigh
AUD/USD's bounce from two-week lows once again fizzled above the 0.6850 barrier, as the US-China trade uncertainties continue to dent the appetite for risk currencies such as the AUD. Also, weak Australian wages data keeps the upside attempts capped.
USD/JPY supported at 10-DMA amid risk-off, eyes US CPI, Powell
USD/JPY bounced-off the10-DMA support near 108.85 and regained the 109 handle, despite the risk-off action in the Asian equities and US equity futures amid trade deal uncertainty. The bulls seem to have found some support from higher US Treasury yields.
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Bitcoin technical analysis: BTC/USD odds of a rally to $14,000 before December 31
Bitcoin is lethargic above $8,700 but $9,000 must be broken for bulls to have a clear path of sight leading to $10,000. The descending channel resistance has been tested numerously. A break above this channel could finally place Bitcoin in trajectory towards $14,000.
Monero analysis: XMR/USD breaks out from the rest, gains 2% on Wednesday
Monero is arguably the biggest single-digit gainer among the major cryptocurrencies on Wednesday. In a gloomy crypto market, XMR is posting at least a 2% growth on the day. The Asian trading session was characterized by bullish muscle-flexing which ...
Litecoin technical analysis: LTC/USD inclines towards the beckoning $50 level
Litecoin is trading above a long-term descending trendline resistance but $70 hurdle remains unconquered. LYC/USD continues to battle bearish pressure in a bid to stay above $60. The formation of a rising wedge ...