Dollar Majors, Gold, Bitcoin, Equities in Focus Ahead of Rate Decisions

The US dollar majors and several key assets are being closely watched by traders as they enter a new week, according to City Index UK. The Federal Reserve's rate decision and other economic indicators will be major drivers of market sentiment.

EUR/USD is currently testing confluent uptrend support at 1.1534-78, which includes the 38.2% retracement of the June advance and the May/January swing lows. A loss below this threshold would indicate a more significant near-term high and a larger trend reversal.

AUD/USD is trading above support into the monthly close and is focused on breaking out of Friday's range, with initial resistance eyed at 7184. A topside breach above 7214 would confirm resumption of the uptrend towards the upper parallel.

XAU/USD (Gold) broke below the August uptrend on Friday after a hawkish comment from Fed Chair Warsh and is currently testing key support at 4319-20. Losses below this threshold would invalidate the breakout of the March downtrend and threaten further losses.