FxAnalysis

The British pound continues to trade within a well-defined range, facing resistance at 1.3550 and finding support near the 50-day EMA at 1.3372.

The USD/JPY pair prolongs its uptrend witnessed over the past week or so and climbs to its highest level since July 2024, around the 159.00 neighborhood on Tuesday. The Japanese Yen (JPY) continues with its relative underperformance amid talks of a snap election in Japan.

AUD/USD continues to hover around 0.67 as traders eye RBA rate hike prospects and Chinese economic signals, with a breakout potentially targeting 0.69.

USD/CHF pulled back on DOJ-driven dollar weakness, but SNB resistance to a strong franc and long-term bullish structure keep the upside outlook intact.

Despite Monday’s NZD/USD rally, the 0.58 resistance zone may trigger selling pressure as technical and macro factors point to potential dollar recovery.

Gold continues its bullish surge amid DOJ fears and rate cut expectations, with technicals pointing to a breakout move toward the $5,000 level.