FxAnalysis

XAU/USD continues to trade strong, with short-term dips expected to attract buyers as gold eyes $3,800 amid Fed-driven volatility.

Bitcoin is looking weakly bullish, with bulls facing a resistant hurdle at $113,400.

The AUD/USD pair broke above key resistance, with momentum pointing to 0.6800 ahead of the Fed rate cut and Australia’s upcoming employment report.

The GBP/USD pair broke above key resistance, with bullish momentum building toward 1.3800 ahead of the Fed and Bank of England interest rate decisions.

The EUR/USD pair surged past resistance, with traders targeting 1.2000 ahead of the Fed’s rate decision and Powell’s guidance on future cuts.

The EUR/USD pair extended its advance beyond the 1.1800 level on Tuesday, and trades not far below the 2025 high of 1.1830 posted on July 1. The US Dollar (USD) remained under selling pressure ahead of the critical US Federal Reserve (Fed) monetary policy announcement on Wednesday.