FxAnalysis

Gold pulled back to $3650, but the bullish breakout from the $3500 level keeps $3800 in focus as the next major upside target.

The US dollar strengthened against the Indian rupee, testing resistance at ₹88.50 after the Fed cut rates, with support near ₹87.45 in focus.

USD/CAD consolidates around 1.38 as traders eye a breakout toward 1.39–1.40, with 1.36 holding as key support.

The euro nudged up against the pound after the BoE rate hold, but EUR/GBP remains stuck in its 0.86–0.8750 range, favoring short-term trading setups.

The US dollar extended gains against the yen on Thursday, consolidating between 146–149 as traders await the BoJ’s decision that could trigger a breakout or sharp reversal.

The euro failed to extend gains on Thursday, holding near 1.18 as traders weigh the Fed’s rate cut and await confirmation of a breakout toward 1.20 or a return to consolidation.