technical

The EUR/USD pair came under renewed selling pressure throughout the first half of the day, falling to a fresh two-week low of 1.1574 during European trading hours.

GBP/USD trades in the red below 1.3450 after posting small gains on Tuesday. The pair faces a key support level at 1.3430.

EUR/USD stays under selling pressure following Tuesday’s modest recovery and trades at its lowest level in three weeks below 1.1600 in the European session on Wednesday. The pair’s technical picture highlights a buildup of bearish momentum.

Gold is pulling back from the $3,400 neighbourhood, having refreshed two-week highs early Wednesday. Concerns over the US Federal Reserve’s (Fed) autonomy and latest US tariff threats could cushion any downside in Gold.

Gold (XAU/USD) trades near $3380, supported by Fed independence concerns, tariffs, and safe-haven demand, with $3400 as the key breakout target.

USD/ZAR is trading near 17.71 with fast volatility, resistance at 17.7170, support at 17.7030, and US GDP data set to drive the next decisive move.