Analyzes

The New Zealand dollar edges higher above its EMAs, testing 0.60 resistance as global central bank decisions loom and commodity-driven volatility persists.

The German DAX compresses within a triangle pattern, with traders eyeing 24,600 on a breakout and 23,600–23,250 if global growth fears spark a sell-off.

Dovish tailwinds drop the US Dollar while risk-on sentiment is pushing the price slowly higher, despite the consolidation pattern below $1.1787.

The Australian dollar rallies cautiously, with AUD/USD targeting 0.67 while 0.6550 offers support as traders await the Fed’s interest rate decision.

The US dollar drifts slightly lower against the yen, with USD/JPY stuck between 146.50 support and 149 resistance ahead of the Fed’s key rate decision.

The euro tests the 1.18 ceiling within its 1.16–1.18 range, with Fed policy set to determine whether EUR/USD breaks higher or stays range-bound.