AUD/JPY Exchange rate

AUD/USD grinds higher towards 0.7100 as investors assess the latest comments from the new Australian PM Albanese. Surging covid cases in Beijing revive lockdown concerns. The aussie soared in early Asia amid a change in the Australian political scenario. 

EUR/USD retreats from intraday high within an immediate trend widening pattern. Sustained trading beyond 200-HMA, firmer RSI keeps buyers hopeful. One-week-old ascending trend line adds to the upside filters before the monthly high.

Gold Price is kicking off a new week on the right footing, extending the previous week’s recovery momentum amid notable US dollar supply. The dollar keeps correcting lower, despite the cautious optimism, driving XAUUSD to fresh weekly highs above $1,850. 

Dogecoin price is at the cusp of saying goodbye to $0.10 as the price is set to drop another leg lower in the coming week after DOGE price consolidated below that same $0.10. With such a move, losses would sum up to 55% of depreciation.

Another wild and volatile week which seems to be the tone so far for 2022. Wild swings throughout the week were mirrored on Friday with wild intraday swings. The S&P 500 did manage to slide into a bear market territory on Friday.