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AUD/USD is rushing to the downside. The pair broke through the most important daily moving averages, slipped below the support at 0.6830 (October-November support line). This week opened with a gap down at 0.6808 (61.8% Fibo of the October-December advance). The technical picture looks bearish, so market players will likely use the price's attempts to recover to the 0.6810/30 area for selling. The downside targets lie in the 0.6755/50 area ahead of 0.6670.
Stocks, oil, and risk currencies gained on Tuesday as the formal go-ahead for US President-elect Joe Biden to begin his transition burnished a November already boosted by Covid-19 vaccines.
EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move.
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
What are the forecasts for silver, platinum and palladium?
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