AUD/USD extends the bounce above 0.7650, as the risk sentiment recovers amid retreating US Treasury yields, which put a check on the US dollar's rally. The aussie cheers upbeat NAB Business Survey while shrugging off the sell-off in iron-ore prices.
Cardano advances unabated on its path towards decentralization. The so-called “Ethereum killer” will reach 100% decentralization by the end of March. ADA price is holding key support at $1.10 as volume remains light.
Gold consolidates recent losses from nine-month low flashed the previous day. US stimulus may arrive on Wednesday, US 10-year Treasury yields snap four-day winning streak. Risks remain mildly bid, US dollar refreshes highest levels since Nov 2020.
GBP/USD trades close to 1.3850, staging an impressive bounce from 1.38 amid a rebound in the risk sentiment and a drop in the US Treasury yields. 50-day SMA offers immediate support, monthly top adds to the upside barriers.
The dollar index (DXY) has retreated from the session high of 92.50 to 92.40. The pullback may be extended further as the hourly chart Relative Strength Index (RSI) shows a bearish divergence. It occurs when an indicator charts lower highs contradicting higher highs on the price chart and often paves the way for pullbacks.