EUR/USD gives away part of the recent 3-day advance. The Greenback regains some traction and weighs on the pair. US Consumer Confidence will be in the limelight later in the day. Fresh selling pressure now drags EUR/USD to the low-1.1000s on the back of some tepid recovery in the dollar on Tuesday. (FXStreet)

AUD/USD remains pressured within 40-pip rectangle, justifies clear break of short-term ascending trend line, 200-HMA. Downbeat oscillators suggest further grinding towards the south. Aussie pair buyers need validation from 0.6780; bears have ample room to cheer. (FXStreet)

GBP/USD closed in positive territory on Monday and continued to push higher during the Asian trading hours on Tuesday. The pair, however, lost its traction after having met resistance at 1.2500 and was last seen trading modestly lower on the day at around 1.2470. (FXStreet)

USD/JPY closed flat slightly above 134.00 on Monday and continues to trade in a tight range on Tuesday. Earlier in the day, "we see risk of inflation undershooting forecast as bigger than risk of overshooting, which is why the Bank of Japan (BoJ) must maintain easy policy now," BoJ Governor Kazuo Ueda said. (FXStreet)

USD/CAD grinds near the highest levels in three weeks amid downbeat risk profile. WTI crude oil fades demand-driven upside amid challenges to sentiment, fears of recession. US Dollar bounces off one-week low during four-day downtrend. (FXStreet)

EUR/GBP grinds near intraday high, up for the fourth consecutive day. Hawkish ECB talks, upbeat Eurozone Treasury bond yields favor pair buyers. Mixed UK data, BoEspeak and political jitters prod Sterling buyers. Eurozone Q1 GDP is the key for fresh impulse amid light calendar in Britain. (FXStreet)

USD/CHF rebounds from one-week low after posting bullish candlestick. Oversold RSI (14) conditions, eight-day-old horizontal support challenges Swiss Franc pair sellers. Buyers have a bumpy road towards the north, 0.8940 appears the last defense of bears. (FXStreet)

USD/INR rebounds from one-week low, snaps three-day losing streak. Anxiety surrounding US debt ceiling expiration joins consolidation ahead of top-tier US data to weigh on sentiment. Upbeat Oil price also prod Indian Rupee buyers ahead of India fiscal deficit statistics. (FXStreet)

The index alternates gains with losses near 101.30. US yields extend the decline early in the European morning. CB Consumer Confidence takes centre stage later in the NA session. The USD Index (DXY), which tracks the greenback vs. a basket of its main competitors, navigates a narrow range around the 101.30 zone on turnaround Tuesday. (FXStreet)

Gold price retreats from intraday high, fades week-start rebound. Sour sentiment puts a floor under US Dollar amid debt ceiling drama, pre-Fed consolidation. Softer US Q1 GDP, Core PCE Price Index can confirm Fed policy pivot talks and propel XAU/USD bulls. Fewer hurdles stand to challenge Gold Price upside past $2,010, XAU/USD sellers should wait for $1,987 break. (FXStreet)

CME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 22.1K contracts at the beginning of the week, adding to the ongoing downtrend. Volume followed suit and went down for the second straight session, this time by around 20.2K contracts. WTI faces the next up barrier around $80.00. (FXStreet)

The downward momentum could push BTC/USD toward initial support at the end-March low of 26525. Beyond that, further downside could be limited given plenty of cushions: the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts, near the February highs of 24250-25250. (DailyFX)

The technical posture in ETH/USD is similar – bullish on the daily charts, as the colour-coded candlestick charts show. Ethereum has pulled back from a fairly strong ceiling at the August high of 2030. Still, there is a strong converged cushion on the 89-day moving average, the lower edge of the Ichimoku cloud on the daily chart, and a horizontal trendline from February at about 1715. Unless ETH/USD falls below the 1350-1500 area, including the 200-day moving average and the March low, the broader trend continues to be up. (DailyFX)

Source: FXStreet, DailyFX

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