AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed decision
AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed rate cut decision with odds favouring a 50 basis point rate cut by 65%.
AUD/USD pauses ascent
AUD/USD reached its 6 September $0.6767 high around which its advance is taking a breather. Further up lies the July peak at $0.6798.
Minor support around the 22 August low at $0.6698 may act as potential support ahead of the 55-day simple moving average (SMA) at $0.6674 in case of a drop in the cross being witnessed.
EUR/USD loses upside momentum
EUR/USD still has its 6 September high at $1.1155 in its sights with the 22 August low at $1.1098 acting as minor support.
Further minor support comes in at Friday's $1.1071 low and also around the 3 September low at $1.1027. Above $1.1155 lies the August peak at $1.1201.
GBP/USD advance stalls
GBP/USD recovery rally from the $1.3000 mark has come close to its recent highs at $1.3239-to-$1.3267 which cap for now. If overcome, the $1.3300 region would be in focus.
Potential slips may find support around the 3 September low at $1.3088 ahead of this week's low at $1.3002.
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