The BTC/USD pair is hovering near $92,000, but technical signals—including a bearish wedge and weakening trend strength—point to a potential pullback.
About Crispus Nyaga
Crispus Nyaga is a financial analyst, coach, and trader with more than 8 years in the industry. He has worked for leading companies like ATFX, easyMarkets, and OctaFx. Further, he has published widely in platforms like SeekingAlpha, Investing Cube, Capital.com, and Invezz. In his free time, he likes watching golf and spending time with his wife and child.
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The GBP/USD pair extended its bullish trend following the Federal Reserve’s third rate cut of the year, surging to 1.3381 as traders eye 1.3500, backed by strong technical momentum and a weaker US dollar.
The EUR/USD pair rose to 1.1692 after the Federal Reserve’s expected rate cut and hawkish comments from the ECB.
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Bitcoin trades near $94,900 before the Fed’s expected rate cut, but bearish technicals and a potential "sell the news" reaction threaten a reversal toward $85,000.
GBP/USD remains bullish above key support at 1.3300 ahead of the Fed's rate decision, with technicals pointing to a breakout toward 1.3400 and possibly 1.3500 if dovish signals emerge.
AUD/USD trades above 0.6620 amid strong China data, sticky Australian inflation, and diverging Fed-RBA policy paths. A break above 0.6700 could signal extended bullish momentum toward 0.6750.
BTC/USD trades near $90,300 ahead of the Fed’s expected rate cut, but technical patterns—including a bearish flag and death cross—point to a potential drop toward $85,000. A break above $97,155 would invalidate the setup.
GBP/USD trades flat near 1.3325 as markets await the Fed’s expected 25 bps rate cut and potential BoE policy convergence. Technicals suggest bullish momentum toward 1.3500, though support at 1.3250 remains key.
AUD/USD has extended its rally ahead of the FOMC decision, boosted by expectations of a Fed rate cut and diverging RBA policy.
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The GBP/USD pair surged to multi-week highs as traders price in a Fed rate cut and await UK GDP data. With bullish technical indicators and rising market optimism, the pair is targeting the 1.3500 resistance, though upcoming macro data could influence short-term direction.
EUR/USD holds firm above the 50-day EMA and flashes a green Supertrend signal as traders await the Fed's rate decision; 1.1800 remains the next key resistance.
AUD/USD extends its rally to 0.6600 as rising RBA hawkishness and dovish Fed expectations fuel bullish momentum, with eyes on 0.6700 resistance.
