Analyzes

The bearish double top and pattern of lower lows suggests a bearish consolidation is playing out.

BTC/USD trades near $90,300 ahead of the Fed’s expected rate cut, but technical patterns—including a bearish flag and death cross—point to a potential drop toward $85,000. A break above $97,155 would invalidate the setup.

GBP/USD trades flat near 1.3325 as markets await the Fed’s expected 25 bps rate cut and potential BoE policy convergence. Technicals suggest bullish momentum toward 1.3500, though support at 1.3250 remains key.

USD/CAD tests key support as traders assess Fed policy direction. A bounce hints at recovery, but upcoming FOMC guidance will decide whether the pair breaks down or rallies.

NZD/USD ticked higher on Monday but remains stuck between major EMAs as markets await Wednesday’s FOMC tone. The Fed’s stance on rate cuts will likely determine the pair’s next breakout.

GBP/CHF extended its climb on Monday, testing key resistance at 1.0750 as SNB intervention fears weigh on the franc, with support seen at 1.07 and 1.0650 in a broader bullish trend.