EUR/USD stuck below $1.17
We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it.
Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support.
EUR/USD price chart
GBP/USD sails higher
Gains continue for GBP/USD, with the price heading on towards $1.32.
The bullish view remains in place until we see a drop back below $1.2950. Further upside targets lie at $1.3204, and then $1.3358.
GBP/USD price chart
AUD/USD rallies despite macro backdrop
AUD/USD continues to demonstrate notable strength despite getting no help from the Reserve Bank of Australia (RBA) and the fresh round of trade wars that broke out last night.
It is still in a firm downtrend, but a rebound towards $0.73 now looks possible. A close back below $0.7140 is needed to reverse the short-term bullish outlook.
AUD/USD price chart