FxAnalysis

Despite Monday’s drop, USD/CHF is setting up for another long opportunity as the pair remains in a tight range and benefits from interest rate differentials.

The British pound rebounded from a gap lower on Monday amid thin US holiday trading, with attention now turning to key UK data and resistance near 1.35.

The euro rebounded against the Japanese yen on Monday after an initial panic selloff, with strong support at 183 and a bullish trend targeting 186.

The US dollar recovered against the yen on Monday as risk sentiment stabilized, with buyers returning near 158 and eyes turning to a potential move toward 160.

Gold (XAU/USD) attracts some buyers for the second consecutive day and touches a fresh record high during the Asian session on Tuesday on the back of sustained safe-haven demand.

EUR/USD manages to leave behind part of its recent steep retracement soon afterwards, confronting its key 200-day SMA. This level remains critical for now, as a break below it could open the taps for extra pullbacks.