UXD Stablecoin USD Price & Performance (UXDUSD)

The US Dollar Index (DXY) is grappling with a significant slide, marking its worst weekly performance in over a year. Falling below the 104.00 level, the index reflects growing economic uncertainty and expectations of multiple Federal Reserve rate cuts. A potential rebound may hinge on reclaiming the 104.50 mark.12

Gold (XAU/USD) surged past $2,940, testing the $3,000 resistance level. This rally follows a breakout above key levels, fueled by bullish sentiment. While a pullback is possible, support at $2,940 is expected to hold, with further gains potentially targeting the top of the December 2023 channel.31

The Australian Dollar (AUD) fell toward 0.6290, pressured by weaker-than-expected US economic data and intensified selling momentum. The pair’s technical indicators suggest further downside risks, with key support at 0.6270. A recovery above 0.6365 resistance is required to shift market sentiment back to bullish.42