FxAnalysis

BTC/USD broke above the $90,000 resistance as oversold conditions and Fed rate cut optimism fueled a bullish reversal, with $95,000 in sight.

AUD/USD rebounded on strong Australian inflation data, reducing RBA rate cut expectations, though technical resistance near 0.6600 may cap further gains.

GBP/USD extended gains following the UK budget speech, but looming tax hikes and technical resistance near 1.3230 suggest the rally may soon face headwinds.

EUR/USD’s weekly leg higher remains firm, with spot challenging the key 1.1600 hurdle amid the third consecutive daily advance.

Gold is shrugging off Tuesday’s small dip and pushing to multi-day highs above $4,170 per troy ounce on Wednesday. The move higher comes as the US Dollar (USD) loses some steam again, even though US Treasury yields are trying to rebound across the curve.

The Australian Dollar (AUD) accelerates its uptrend midweek, lifting AUD/USD to new multi-day highs past 0.6500 the figure and at the same time putting further distance from its critical 200-day SMA.