The EUR/USD pair is putting an end to a five-day positive streak on Tuesday and retreats from Monday's highs at 1.1735, trading right below 1.1700 at the time of writing in the European session opening.
The Australian Dollar (AUD) inches lower after four days of gains. However, the AUD/USD may further advance as the US Dollar (USD) struggles amid rising bets of a US Federal Reserve (Fed) rate cut in the September meeting.
The GBP/USD pair kicks off the new week on a positive note and holds steady above the 1.3500 psychological mark during the Asian session. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the upside.