The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Crypto goes up
The bullish optimism in the crypto market continues. At the moment, Bitcoin is testing the resistance at $8,730. A successful break of this level will help bulls to test the next resistance at $9,075. However, according to oscillators, the bullish pressure is at risk. RSI has entered the overbought zone. At the same time, there is a bearish divergence with the Awesome oscillator and volumes. It may signal a possible reversal. The return of the bearish pressure will pull the digital asset back to the support at $8,246.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.