AUD/USD Extends Declines to 7-Week Lows on Covid Concerns
The AUD/USD currency pair on Friday extended this week’s declines to a new 7-week low of about 0.7227 amid Covid-19 concerns. The currency pair continues…
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US Dollar Index Bulls Using the 100-Hour MA to Retain Short-Term Control
The US Dollar Index on Friday bounced off the 100-hour moving average before pulling back later to find the trendline support. The USDX continues to…
WTI Crude Oil Bounces Off Trendline Resistance to Trade Above $75
The WTI Crude Oil price on Friday plummeted to trade at a new 7-week low before making a slight recovery to trade above $75 per…
Gold Plunges to New Weekly Lows Amid a Rise in On-Risk Trading
The gold price on Friday plummeted to trade at a new weekly low of about $1,845 following the latest round of the US data. The…
Bitcoin Bounces Off 6-Week Lows to Trim Weekly Losses
The bitcoin price on Friday bounced off $55,889 to trade closer to $58,000 after setting a new 6-week low. The pioneer cryptocurrency has been on…
USD/CAD Spikes to 6-Week Highs After the Canadian Retail Sales
The USD/CAD currency pair on Friday spiked to trade above 1.2650 after the latest round of the Canadian retail sales data. The currency pair continues…
WTI Crude Oil Finds Resistance at the 100-Hour MA after Rebound
The WTI Crude oil on Friday bounced off the key support at $79.65, before finding solid resistance at the 100-hour moving average. The light crude…
GBP/USD Bounces Off 6-Week Lows After the US Non-Farm Payrolls
The GBP/USD currency pair on Friday bounced off the key support at 1.3425 to trade above 1.3492 after the US non-farm payrolls. The currency pair…