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Pairs in Focus This Week – AUD/USD, BTC/USD, Oil, S&P 500, USD/CHF, Gold, GBP/USD, DAX
The Australian dollar has plummeted during the course of the week, but there is plenty of support underneath to keep this market afloat. Ultimately, I think we are in the middle of a larger consolidation area between the 0.65 level on the bottom and the 0.69 level above. Because of that, the market is going to continue to try to search for some type of momentum, but right now we are just killing time. chart BTC/USD: Bitcoin has been all over the place during the week as we continue to see the $40,000 level underneath offer significant support. The $40,000 level is an area that continues to be important, and ... (full story)