After EUR/USD couldn’t break through the February highs above 1.1900, it looks to have entered a period of consolidation, with prices settling around or just below the 1.1800 level. As long as the critical 200-day SMA around 1.1650 keeps the price from going down, further gains should be on the way.
AUD/USD has been having trouble finding its way again in the previous few days after it hit fresh highs of around 0.7150 earlier this month.
That AI-related headline alone was enough to rattle investors.
The US dollar continues to see a lot of questions asked about it, but at this point in time, the Canadian dollar has been a touch soft. Oil is a wildcard, but at this point, it is still not a major factor.
The EUR/USD exchange rate remained in a tight range on Tuesday morning as traders waited for the upcoming statements from several Federal Reserve officials and key macro data from the US. It was trading at 1.1790, down sharply from the year-to-date high of 1.2095.
Bitcoin fell during the early part of the Monday session, as appetite for digital assets continues to struggle.