The key factor influencing most currencies today will be the release of the FOMC minutes. A hawkish stance could strengthen the US dollar and put downward pressure on other currencies. NZD/USD is an exception, potentially benefiting from the hawkish RBNZ decision. Gold and Silver remain uncertain without a clear directional bias.

British Pound (GBP):

• Current Price: 1.2703 (edged higher earlier)
• Trend: Uncertain
• Key factors: Higher than expected UK inflation dampened expectations for a June rate cut. FOMC minutes release later today.
• Support: 1.2570, 1.2641
• Resistance: 1.2772, 1.2843
• Trading Signal: Consider selling below 1.2695 with a target of 1.2665 if the FOMC minutes are hawkish.

Japanese Yen (JPY):

• Current Price: 156.56 (slightly higher)
• Trend: Upward trend
• Key factors: FOMC minutes release later today. Hawkish minutes could push the pair higher.
• Support: 156.11, 156.38
• Resistance: 156.65, 156.91
• Trading Signal: Consider buying USD/JPY at 156.65 with a target of 156.91 if the FOMC minutes are hawkish.

New Zealand Dollar (NZD):

• Current Price: 0.6124 (pushed higher)
• Trend: Uncertain
• Key factors: RBNZ held rates but signaled inflation concerns and a possible rate hike later in 2024.
• Support: 0.6039
• Resistance: 0.6185, 0.6235
• Trading Signal: No clear signal due to uncertain trend.

Gold (XAU):

• Current Price: 2,309 (within a bearish channel)
• Trend: Bearish
• Support: 2,385 (downtrend channel bottom), 2,388
• Resistance: 2,420, 2,450 (all-time high)
• Trading Signal: Consider buying above 2,405 with a target of 2,420 if there’s a technical rebound.