Analyzes

The Australian Dollar (AUD) kept heading north on Wednesday, with AUD/USD breaking above the key 0.6600 mark and touching fresh three-week highs.

The Federal Reserve is expected to cut rates by 25 bps, but Gold has already corrected from record highs.

EUR/USD remains stable near 1.1650, trading within a multi-month range as traders await direction from the Fed and ECB policy announcements later this week.

Gold (XAU/USD) is undergoing a technical correction below $4000, with key support at $3880 and traders watching the Fed’s rate decision as a potential catalyst for the next move.

USD/CHF continues to consolidate near 0.79 ahead of the FOMC, with a breakout above 0.80–0.81 potentially triggering a long-term bullish trend as the dollar gains broader strength.

GBP/USD reversed sharply on Tuesday, breaking below the 200-day EMA, with downside risks growing toward 1.32 and 1.3150 as Fed policy takes center stage.