AUDUSD keeps the high ground
The Aussie’s strength has kept the pair elevated as price action remains in a symmetrical triangle. The pair has recouped some losses from this month’s sell-off after bouncing off the 0.7150 top, a sign that the directional bias could remain sideways, but momentum buyers could double down if the Aussie closes above 0.7100. As the RSI retraces into neutral territory, 0.6930 is a fresh support level, with 0.6850 waiting on the horizon.
NZDUSD breaks lower
The New Zealand dollar (NZD) inched lower as risk appetite remained subdued across the board. On the chart, a downward channel suggests more pressure, with 0.5950 as the next target for sellers. A break here could expose the recent bottom at 0.5900. On the flip side, a break above the recent high of 0.6000 could trigger a runaway rally, and with the RSI moving lower, buyers will be confident that a possible upturn is around the corner.
US 30 tests support
The Dow Jones hit another low as President Trump begins his agenda for another trade war. The index remains above the 49000 level, providing a wide swing range on the chart as bulls and bears wrestle for control. 49200 is a fresh support, and renewed buying interest would pave the way towards 50000, creating another fresh peak. Selling pressure could return if price action remains in a downward trend.
