Analyzes

The GBP/USD pair surged above key resistance at 1.3430 after soft US CPI boosted Fed rate cut bets, with bulls targeting the 1.3600 psychological level.

EUR/USD hovers near 1.17 as weak US CPI and rising Fed rate cut expectations support a bullish breakout toward 1.1830 amid strong technical patterns.

The Australian dollar remains choppy and relatively weak, with 0.6420 as critical support and 0.66 as tough resistance, despite softer US dollar sentiment.

The German DAX remains in sideways consolidation amid low August volumes, with 24,500 as key resistance and 23,500 as major support for the next breakout.

The Australian Dollar (AUD) showed a positive reaction on Tuesday, prompting AUD/USD to reclaim the 0.6500 hurdle and beyond on the back of the resumption of the selling bias in the US Dollar (USD).

The EUR/USD pair traded in a tight range just above the 1.1600 mark throughout the first half of the day, with the US Dollar (USD) retaining its Monday gains but struggling to advance ahead of first-tier data releases.