The Japanese Yen could be at risk of extended losses, as price hovers precariously above sentiment-defining support. AUD/JPY, CAD/JPY, NZDJPY levels to watch.
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The Japanese Yen could be at risk of extended losses, as price hovers precariously above sentiment-defining support. AUD/JPY, CAD/JPY, NZDJPY levels to watch.
from DailyFX – Market News https://bit.ly/3omX4xp
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Upcoming Chinese PMI data and Georgia's Senate runoff elections in the United States look set to dictate sentiment over the next 24 hours with AUD/USD running to the upside
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The US Dollar pivoted lower on Tuesday and reversed the prior session's rebound with Georgia senate runoff election results in focus. AUD/USD advanced decisively while USD/CAD edged lower.
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US indices have begun the year with a volatile start, fluctuating significantly as covid concerns and political uncertainty take turns influencing sentiment.
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NZD/USD may continue to exhibit a bullish behavior as it clears the 2020 high (0.7241), while the Relative Strength Index (RSI) flirts with overbought territory.
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