The USD/JPY pair extended its sideways consolidative price action
The USD/JPY pair extended its sideways consolidative price action
Traders added more than 5K contracts to their open interest positions
USD/CAD is currently trading largely unchanged on the day near 1.4205, having hit a low of 1.4169.
The AUD/USD pair has managed to recover around 35 pips from Asian session swing lows
All in all, the path of least resistance appears to be on downside and prices could fall to $1,650 in the short-term.
Oil prices were mixed on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record.