The Australian dollar is heading towards a significant amount of resistance just above, especially near the 0.68 handle, as it is an area that has caused quite a bit of selling in the past.
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The bitcoin market rallied significantly during the trading session on Tuesday as traders came back to work.
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Gold markets rallied significantly during the trading session on Tuesday as traders came back to work.
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NZDUSD: Double bearish price channel holding
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The Australian dollar continues to be very negative overall as risk appetite has gotten hit.
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The Euro has initially tried to rally during the trading session on Monday but found enough resistance at the 1.10 level to turn things around and sell off yet again.
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The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.
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The British pound has initially tried to rally during the trading session on Monday, but then rolled over quite drastically to show extreme weakness.
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The S&P 500 gapped lower during the trading session on Monday, as we had thin electronic trading of the futures contract due to the fact that it was Labor Day in the United States.
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Bitcoin markets rallied quite nicely during Labor Day on Monday, as we have found a significant amount of support at the $9250 level.
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