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AUD/USD has met fresh supply and eases back below 0.7400 as covid concerns escalate globally and lift the US dollar's safe-haven demand. The aussie ignores upbeat Australian economic news, as attention turns towards the US PCE inflation data.
Gold stays defensive around $1,830, sidelined of late, amid Friday’s Asian session. The yellow metal crossed 200-DMA for the first time since mid-July the previous day on the market’s risk-on mood.
EUR/USD bulls brace for breaking the immediate trading range surrounding 1.1900, also refresh the highest levels since July 06, during early Friday morning in Asia. The major currency pair stays positive for the fifth day in a row.
Litecoin price confirms breakout from the governing falling wedge pattern on July 25, marking a turning point for the altcoin and introducing new technical challenges.