AUD/USD refreshes 3.5-month low just below 0.6750 with Australia's business confidence gauge hitting multi-year lows. The pair is currently trading around 0.6750, reporting marginal losses on the day. China's coronavirus contagion also weighs on the Aussie.
USD/JPY recovers from nearly three-week low amid bearish MACD and mixed market sentiment on coronavirus outbreak. 50% Fibonacci retracement, 200-day SMA add to the support. 61.8% Fib level offers short-term resistance.
Over the last three days, the bulls have taken full control of the BTC/USD market. The price jumped from the $8,332.50 support level and went to $9,105.35. As per the daily confluence detector, there is a strong resistance at $9,175.
The cryptocurrency market is back in its January 2020 bullish phase. Ripple price has not been left out of the bullish frenzy. At the time of writing, XRP is exchanging hands 1.45% higher on the day.
Ethereum is trading within a whisker of the January 2020 peak. This follows an impressive bullish reversal from the pullback experienced last week.