CPI came out better, but USD got weaker. There’s definitely some logic behind this, but today, we will focus on technical analysis. Here, we were getting the sell signal for USD even before the data hit the airwaves.
GBPUSD defended a very important horizontal support at 1.3850 and broke the upper line of the bullish wedge (blue lines). Taking all this into account, we have a legitimate buy signal here.
AUDCAD created an inverse head and shoulders pattern right after a false bearish breakout from the upwards channel formation. This is definitely positive, especially since we’ve broken the neckline, which has triggered a buy mid-term buy signal.
Bitcoin broke the 8.7k resistance, which opens the way towards the 11k USD resistance. This all started with a major bounce from 6k USD. This level is the last hope for the bulls in the long-term and buyers should do everything to hold the price above it.