FxAnalysis

The US dollar is consolidating against the Mexican peso near the 50-Day EMA, with 19.00 as upside resistance while peso strength remains underpinned by higher rates.

The British pound is testing the 50-Day EMA against the US dollar, with downside risks toward 1.3250 and upside potential if 1.36 breaks.

The Euro (EUR) seems to have finally found some momentum on Wednesday, motivating EUR/USD to stage a mild comeback and revisit the 1.1670 region.

Gold prices fell during Asian trading hours, hitting a fresh three-week low of $3,311.58.

The Australian Dollar (AUD) extended its weekly losses, pushing AUD/USD back toward three-week lows near 0.6420, an area coincident with the August floor.

The gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential…