The Pound Sterling (GBP) is also quietly consolidating in a tight range just above the psychologically important 1.30 level and finding some modest support following the release of slightly better than expected final services and composite PMI’s (printing marginally above expectations in the low 50s
Ripple (XRP) holds above $2.22 as bulls pare losses on Wednesday, following two consecutive days of declines. Despite bullish attempts to regain control, XRP is facing low retail demand amid deleveraging, liquidations amid risk-off sentiment in the broader cryptocurrency market.
Strong momentum suggests Australian Dollar (AUD) could drop further to 0.6465; the major support at 0.6445 is likely out of reach for now.