The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
Gold collapsed more than 3.8% this week with XAU/USD now testing multi-year uptrend support. Battle-lines are drawn. Levels that matter on the weekly technical chart.
Bitcoin broke through critical resistance but can crypto discard the current fundamental backdrop and continue higher or will rate hikes dampen sentiment further?
USD/CAD failed at key resistance near the yearly high for a third time– the bulls may be vulnerable here. Key levels on the Canadian Dollar weekly technical chart.
The U.S. economy added 372,000 jobs in June, representing a healthy but slower pace of hiring than seen in recent months. The unemployment rate, meanwhile, held steady at 3.6%.