USD/CAD is currently trading largely unchanged on the day near 1.4205, having hit a low of 1.4169.
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.
Traders added around 2.3K contracts to their open interest positions in gold futures markets on Wednesday.
The AUD/USD pair added to its Asian session losses