Analyzes

The Australian Dollar (AUD) finally found its footing on Wednesday, pushing AUD/USD back above the 0.6500 mark after five straight days in the red.

Gold traded within a well-defined range throughout the first half of Wednesday, now hovering around $3,980 per troy ounce in the American session. The lack of a clear catalyst kept investors in cautious mode, although the US Dollar (USD) retained its positive tone across the FX board.

The EUR/USD pair trades near a fresh multi-week low of 1.1473, confined to a tight intraday range.

EUR/USD continued its slide below 1.1500, with bearish momentum intact and technical indicators nearing oversold levels ahead of key Eurozone and US data.

Gold fell below the $4,000 mark amid renewed US dollar strength and rising yields, with traders watching support at $3930 and resistance near $4110.

USD/BRL edged higher near key resistance at 5.40, with traders watching for a breakout toward 5.4685 or a reversal as global market volatility rises.