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FX levels to watch – EUR/USD, GBP/USD, AUD/USD

FX levels to watch – EUR/USD, GBP/USD, AUD/USD
админ
10/04/2018

EUR/USD finds strength to rally

EUR/USD pushed down last week towards the $1.22 level that has marked the limit of progress to the downside for the time being.

Buyers have pushed the price back towards the $1.2340 area that stifled progress a week ago. A daily close above here suggests a move back towards $1.2450 and higher could be in play. A failure to maintain upward progress brings a retest of $1.22 into view, and below this $1.2165 and $1.2092.

EUR/USD chart

93382ac837a69a651fa66bbb0222fb3a - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

GBP/USD pushes higher

GBP/USD’s defence of the 50-day simple moving average (SMA) over the past two weeks appears to have been resolved in favour of the buyers.

The late March peak around $1.4250, and then the January high of $1.4345 come into play if the pair sees further appreciation. For now, intraday dips will likely find buyers unless we see a close back below $1.3950.

GBP/USD chart

14cef37e3b98ffa78ea2e40e3056e0aa - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

AUD/USD rallies off firm base

The recovery above $0.77 bodes well for AUD/USD, particularly if global risk appetite continues to pick up.

The pair has been declining since mid-January, so the rally may stumble close to $0.79, but for now it looks like momentum lies with the buyers. A close below $0.7650 is needed to reverse the bullish outlook.

AUD/USD chart

ca1955429a43d3dfd5c5bb62f0a157fc - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

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news
10/04/2018
админ
Related ItemsEURforexFXGBPmoving averagepriceriskrisk appetitetrigger

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