EUR/USD:EUR/USD consolidates losses from 10-week high in a small range. The pair surged to the fresh high
since September 02 the previous day before portraying a U-turn from 1.1919. Three-day-old horizontal resistance
line guards immediate upside.
GBP/USD:GBP/USD fails to keep the highest levels since September 07. Bullish MACD, upbeat RSI conditions
favor further upside to two-month-old resistance line. Bears will look for entry on the break of an ascending trend
line from May 18.
USD/JPY: USD/JPY extends its corrective declines from three-week highs of 105.64, now trading below 105.00 amid
a fresh sell-off in the US Treasury yields. The spot rallied hard on the covid vaccine news as the greenback picked up
a bid on Monday.
AUD/USD :AUD/USD remains pressured below 0.7300 even as the US dollar loses ground across the board amid
a sharp retracement in the Treasury yields across the curve. Progress on the COVID-19 vaccine and upbeat Australian
data cap the downside n the aussie.
USD/CAD: USD/CAD consolidates recovery moves from October 2018 low. The pair dropped the fresh low since
late 2018 lows before bouncing off 1.2928. Even so, the absence of the oversold RSI conditions joins the pair’s
clear downside past-key EMA and trend line support suggests the quote’s additional weakness.
Gold: Gold charts mild recovery after Monday's 4.56% crash. Risks remain skewed to the downside with prices trading
well below Monday's high. Risks remain skewed to the downside with prices trading well below Monday's high.
WTI CRUDE OIL
The WTI crude is feeling the pull of gravity during Tuesday's Asian trading hours, with investors pricing prospects of
a renewed coronavirus-induced slowdown in Europe and the US. The North American oil benchmark tested the 50-day
SMA support at $39.46.