Analyzes

The Euro extended its rally against the Swiss franc on Tuesday, buoyed by SNB resistance to franc strength and technical support near 0.92, with gradual gains expected ahead.

Gold traded with volatility on Tuesday, consolidating between key levels as a triangle pattern forms and lighter holiday volume limits momentum but maintains a bullish tone.

The AUD/USD pair catches aggressive bids on Wednesday and rallies to an over one-week high – levels just above the 0.6500 psychological mark – amid a combination of supporting factors.

The US Dollar is on the back foot and hotter Australian inflation data released earlier has pushed up the Aussie as markets see a more hawkish rate path.

The US dollar fell against the yen on Tuesday amid Fed cut speculation, but strong support near ¥155 and a wide rate gap suggest the dip remains a buying opportunity.

The New Zealand dollar tested support near 0.56 on Tuesday but remains a weak performer against the US dollar, with resistance at 0.57 reinforcing the bearish trend.