Breakdown below 0.6900 underpins bearish bias

Breakdown below 0.6900 underpins bearish bias


The post Breakdown below 0.6900 underpins bearish bias appeared on BitcoinEthereumNews.com.

The AUD/USD pair is down 0.3% around 0.6850 during the Asian trade at the start of the week. The Aussie pair faces selling pressure as risk-off impulse, driven by fears of escalating conflicts in the Middle East, is acting as a key drag on the Australian Dollar (AUD). Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.02% 0.08% -0.29% -0.00% 0.31% 0.38% 0.01% EUR -0.02% 0.04% -0.29% -0.02% 0.33% 0.36% -0.02% GBP -0.08% -0.04% -0.36% -0.07% 0.27% 0.32% -0.06% JPY 0.29% 0.29% 0.36% 0.29% 0.62% 0.66% 0.29% CAD 0.00% 0.02% 0.07% -0.29% 0.32% 0.32% 0.00% AUD -0.31% -0.33% -0.27% -0.62% -0.32% 0.05% -0.31% NZD -0.38% -0.36% -0.32% -0.66% -0.32% -0.05% -0.38% CHF -0.01% 0.02% 0.06% -0.29% -0.00% 0.31% 0.38% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). S&P 500 futures slumps 0.4% in the Asian session, reflecting a dismal market sentiment. A report from the Wall Street Journal (WSJ) claiming that the United States (US) is considering 10,000 additional troops for ground military action against Iran and stark warnings from Tehran regarding the same have dampened demand for riskier assets. On the domestic front, Australian Prime Minister (PM) Anthony Albanese has announced that the government will bring the fuel excise on petrol and diesel to 50% for three months, in an attempt to…



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *