Latest News: GBP/USD
AUD/USD extends its four-day-old declines while flashing fresh six-week low of 0.6835 during early Wednesday. The pair registered its first daily closing below 100-day SMA since early December on Tuesday.
USD/JPY extends the previous day’s losses to 109.80, the weakest since January 07, while entering the Asian session on Wednesday. The pair registered heavy losses on Tuesday as news of China’s virus outbreaks gone viral.
BTC/USD continued to go up following a bullish Tuesday, wherein the asset went up from $8,624 to $8,724. Presently, it is priced at $8,630. The daily confluence detector shows that there is a strong resistance level at $8,780.
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Bitcoin Cash price is trading in the red, with losses of 1.05% in the second half of the session. The price action over the last seven sessions has been narrowing, range subject to a breakout. The above-noted range is to a high of $360 down to a low of $330.