Gold exceeded $2.000 per ounce. Stock futures rose on Wednesday as investors awaited further updates on stimulus talks.
NZD/CAD in a bearish reversal
Information is not investment advice
On the H1 chart of NZD/CAD, the price has started an uptrend last Friday. Currently, it has been consolidating at the resistance level of 0.8542. The Stochastic Indicator shows the fast line crossing the slow one upside down within the overbought zone. While the RSI indicator is about to cross the 70% upside-down. That means that the price is experiencing downwards pressure and is likely to decline. If it bounces down from the resistance level of 0.8542, the support levels may be located at 0.8505 and 0.8498. Otherwise, an additional resistance level may be placed at 0.8562.
New COVID-19 cases globally have been on the rise lately, although it is too early to call them second waves in most countries.
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.
The pair was falling down amid the waning US dollar. However, the situation changed this month.
Dollar continues to keep firmer on the day, all eyes on the US jobs report later.