FxAnalysis

Bitcoin price stabilized at a key support level as the recent crash stalled. The BTC/USD pair was trading at 87,810, down sharply from the year-to-date high of 98,000.

The AUD/USD exchange rate gapped upwards, reaching its highest point since February 2023 as investors dumped the US dollar and moved to gold and other assets. It surged to a high of 0.6925 as traders waited for the upcoming Federal Reserve interest rate decision and Australian inflation data.

The Euro is practically flat against the US Dollar on Tuesday, trading at 1.1870 at the time of writing, with a four-month high of 1.1907 within reach.

Gold (XAU/USD) attracts fresh buyers following the overnight modest pullback from the record high, though it remains below the $5,100 mark through the Asian session on Tuesday.

The upward momentum of EUR/USD persists, consistently tracking the growing selling pressure on the US Dollar, which continues to grapple with issues related to trade, the Fed’s independence, and the shutdown.

Spot Gold kept rallying into unexplored territory on Monday, briefly surpassing the $5,100 threshold before pulling back some. The XAU/USD pair is comfortable around $5,090 at the time of writing, paring gains amid the good performance of Wall Street.