FxAnalysis

The US dollar is consolidating against the Indian rupee, with ₹88.50 as key support and ₹89 as resistance, setting the stage for a gradual grind higher.

The Euro is bouncing from key support near its 50-day EMA, with 1.18 resistance in focus, while a drop below 1.16 risks a deeper bearish turn.

Crude oil is testing the $66 resistance zone, with bulls eyeing a move toward $70 while risks of a breakdown could drag prices back to $62.

AUD/USD slides to its lowest since early September, with traders eyeing the RBA’s rate decision and key US jobs data for the next major move.

GBP/USD trades near 1.3400 after forming a double-top at 1.3725, with upcoming US jobs data and Fed policy outlook set to drive the next move.

EUR/USD trades near 1.1700 with a bullish bias as Wall Street analysts see more upside, while upcoming US labor data may determine the next breakout.