AUD/USD extends its rally to 0.6600 as rising RBA hawkishness and dovish Fed expectations fuel bullish momentum, with eyes on 0.6700 resistance.
About Crispus Nyaga
Crispus Nyaga is a financial analyst, coach, and trader with more than 8 years in the industry. He has worked for leading companies like ATFX, easyMarkets, and OctaFx. Further, he has published widely in platforms like SeekingAlpha, Investing Cube, Capital.com, and Invezz. In his free time, he likes watching golf and spending time with his wife and child.
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BTC/USD is gaining bullish momentum above $93,000 as rising ETF inflows and supportive Fed speculation push prices toward the $95,000 target.
EUR/USD surged to 1.1665 following weak U.S. ADP jobs data, increasing expectations of a Fed rate cut, while bullish momentum targets 1.1750 amid diverging ECB-Fed outlooks.
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BTC/USD rebounds sharply above $92,000, forming a bullish engulfing pattern amid policy optimism and ETF demand, with a potential upside target of $96,000.
GBP/USD retreats to 1.3200 as bearish technical signals align with growing expectations of rate cuts from the BoE and Fed, pointing to a possible drop toward 1.3100.
EUR/USD remains flat near 1.1600 as bullish momentum fades, with traders eyeing Lagarde’s speech and key economic data for direction amid rising rate cut expectations.
AUD/USD rallied to a multi-week high as rising inflation and GDP forecasts boost RBA rate hike expectations, but bearish patterns hint at a possible reversal toward 0.6420.
Bitcoin's price crashed sharply after failing at $93K, as fear spreads across markets amid ETF outflows, USDT concerns, and mass liquidations—putting $80,000 support in focus.
EUR/USD faces potential downside after forming a shooting star candle, with technical momentum fading and traders eyeing 1.1500 support ahead of critical inflation and Fed signals.
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The AUD/USD pair has rallied on hawkish RBA expectations, but a potential head-and-shoulders pattern warns of a possible pullback toward 0.6450.
Bitcoin’s recovery faces resistance near $92,000, with technical signals like a shooting star candlestick suggesting a potential drop toward $80,000 as traders book profits.
The GBP/USD pair faces bearish pressure following the UK budget and a Supertrend shift, with technical signals pointing to a possible drop toward 1.3015 unless key data shifts sentiment.
