Here are some USD price analytics ¹ ² ³ ⁴:
*AUD/USD Price Analysis:*
- The AUD/USD pair slumps to 0.6640 as the US Dollar exhibits firm footing in Wednesday’s New York session
- The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, advances to 104.80
- More upside in the US Dollar looks likely as speculation for the Fed pivoting interest rate cuts has slightly eased
*USD/CHF Price Analysis:*
- USD/CHF is breaking back inside the rising channel it broke out of last week
- A close on a 4-hour basis back inside the channel would help confirm the bullish thesis
- The pair has been rising in a channel since the start of 2024
*GBP/USD Price Analysis:*
- GBP/USD clings to earlier gains after UK CPI data
- Immediate resistance at 1.2800 remains elusive for buyers
- Support at 1.2700; once cleared, GBP/USD could dive toward a confluence of technical indicators around 1.2634