Fundamental

USD/CAD fell sharply on Tuesday amid broader dollar weakness and rising oil prices, but key support near the 200-day EMA and 1.3750 could attract buyers.

GBP/JPY pulled back after an early Tuesday rally, but the wide interest rate differential continues to favor buying the pair on dips near the ¥210 support zone.

The Australian dollar is testing the 50-day EMA against the New Zealand dollar, with traders eyeing a potential rebound toward 1.17 or a breakdown to 1.14.

Silver prices continued their aggressive rally on Tuesday, driven by a persistent short squeeze, physical supply concerns, and dollar weakness, with $100 in sight.

Gold (XAU/USD) continues scaling new record peaks for the third consecutive day and climbs further beyond the $4,850 level during the Asian session on Wednesday.

EUR/USD continues to grind higher, extending its winning streak into a second session and pushing up to fresh yearly highs. With momentum still firmly on its side, the pair looks increasingly comfortable eyeing a potential retest of the December peaks just north of 1.1800 the figure.