The AUD/USD is struggling to find direction a day after the Reserve Bank of Australia (RBA) delivered the latest interest rate decision.
The technical picture is one of very choppy, consolidative trading below $60k which suggests topping before a bearish breakdown.
1.3750 area looks likely to be today’s pivotal point.
The price direction looks uncertain away from extremes.
The euro seems to be losing relative weakness.
The GBP/USD is hovering near the highest level since March 19 as investors remain optimistic that the UK economy will have a swift recovery.
The BTC/USD price bounced back on Monday after it dropped to 56,505.
Although there is a long-term bullish trend, we are more likely to see a meaningful breakout on the short side.
The British pound is proving itself to be a relatively strong currency.
The EUR/USD price held steady in early trading as the market continued to reflect on the strong US employment numbers published on Friday.
The AUD/USD held steady in early trading as the market focused on the rising bond yields in the United States and the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
There is still room for the price to fall to 0.7500.
Bears should beware of a supportive cluster below 1.1700.
The GBP/USD declined for the first month in six months in March as the market focused on the higher US bond yields and the stronger dollar.
The BTC/USD price is little changed as investors reflect on the successes and pitfalls of the first quarter.