"Analyzing the US Dollar's Future: Impact on GBP/USD, AUD/USD, and EUR/USD"

The US dollar remains strong as US Federal Reserve Chair Jerome Powell suggests that interest rates may not have peaked yet. The market is pricing in a high chance that the Fed will keep interest rates steady at its upcoming meeting. The US dollar has been driven higher due to the outperformance of the US economy and a relatively hawkish Fed. Technical charts show that the US dollar is testing major resistance, but it is too soon to say if the rally is over. EUR/USD and GBP/USD are searching for a bottom, while AUD/USD is gradually drifting lower.