BTC/USD eyes $63,000, WTI targets $90, AUD/USD tests key support, Gold aims at $2075, NASDAQ surges, USD/JPY and USD/CAD show bullish resilience, DAX bullish with ECB policy shift expected.

BTC/USD

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The bitcoin market has shot straight up in the air during the course of the week, to go looking to the $63,000 level. That being said, the market continues to see a lot of exuberance, and I think at this point it is becoming somewhat dangerous. Short-term pullbacks more likely than not will continue to be buying opportunities. The $52,000 level underneath will without a doubt be an area of extreme support and I think at this point we are getting very close to a significant pullback in a market that is overdone.

WTI Crude Oil

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The West Texas Intermediate Crude Oil market rallied during the week to reach the $80 level. $80 level courses a large, round, psychologically significant figure, and therefore it’s likely that a market breaking above their could open up the possibility of a “chase the trade” potential move. At this point in time, the market is likely to go looking to the $90 level above. Short-term pullbacks will continue to be buying opportunities, and I think it is only a matter of time before we get value hunters coming back in.

AUD/USD

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The Australian dollar has fallen significantly during the course of the week to reach down to the 0.65 level before turning around and showing signs of life. The 0.65 level is an area that has been important more than once, and therefore it makes quite a bit of sense that we could see buyers coming back into the market. If we turn around a break above the 50-Week EMA and a 0.6650 level, then the Australian dollar will more likely than not continue to go higher. That being said, the market is going to continue to see the 0.6450 level as an area of extreme support.

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