Fundamental

The AUD/USD pair broke above key resistance, with momentum pointing to 0.6800 ahead of the Fed rate cut and Australia’s upcoming employment report.

The GBP/USD pair broke above key resistance, with bullish momentum building toward 1.3800 ahead of the Fed and Bank of England interest rate decisions.

The EUR/USD pair surged past resistance, with traders targeting 1.2000 ahead of the Fed’s rate decision and Powell’s guidance on future cuts.

The EUR/USD pair extended its advance beyond the 1.1800 level on Tuesday, and trades not far below the 2025 high of 1.1830 posted on July 1. The US Dollar (USD) remained under selling pressure ahead of the critical US Federal Reserve (Fed) monetary policy announcement on Wednesday.

GBP/USD benefits from the broad-based selling pressure surrounding the US Dollar (USD) and trades at its highest level in over two months above 1.3630.

EUR/USD preserves its bullish momentum after closing in positive territory on Monday and trades at its highest level since early July near 1.1800 in the European session on Tuesday.