Fundamental

The New Zealand dollar tested support near 0.56 on Tuesday but remains a weak performer against the US dollar, with resistance at 0.57 reinforcing the bearish trend.

The British Pound rallied against the Swiss franc on Tuesday as SNB resistance to franc strength lifted GBP/CHF above key technical levels, hinting at a potential bottom.

The euro rallied Tuesday on growing Fed rate cut expectations, but technical resistance near 1.17 and support at 1.14 suggest the EUR/USD remains vulnerable to reversals.

EUR/USD continues to edge higher toward 1.1600 after posting gains on Tuesday and trades at a fresh weekly high. The technical outlook points to a bullish tilt in the short-term outlook.

EUR/USD pushes harder and maintains its course toward the key 1.1600 barrier on Tuesday, building on Monday’s slight advance and always underpinned by the increasing selling interest hurting the US Dollar (USD).

Gold is adding to Monday’s uptick on turnaround Tuesday, trading close to earlier multi-day highs above $4,150 per troy ounce.