During the trading session on Tuesday, we have seen the US dollar go back and forth in a fairly tight range against the Swiss franc. It is worth noting that the 0.79 level is offering significant support, and we do find ourselves still above that level. If we were to break down below that level,…
The EUR/USD pair trades just shy of the 1.1800 mark, still confined to familiar levels as market participants await fresh clues on United States (US) economic progress and the words from Federal Reserve (Fed) Chair Jerome Powell.
GBP/USD finds it difficult to keep its footing following Monday’s recovery and trades marginally lower on the day at around 1.3500. The technical outlook suggests that the pair remains bearish in the short term.
The USD/CAD pair scales higher for the second successive day – also marking the fourth day of a positive move in the previous five – and climbs to an over one-week high, closer to mid-1.3800s during the first half of the European session on Tuesday.
EUR/USD stays under modest bearish pressure and trades below 1.1800 in the European session on Tuesday after closing in positive territory on Monday.
Gold is taking a breather early Tuesday after having extended the previous upsurge to renew record highs above the $3,750 psychological level.