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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
16/03/2018

6aa5f9032c644142b13aa3b596cbd069 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

Source: Bloomberg

EUR/USD bounces, but still heading downwards

Further losses yesterday saw EUR/USD test the $1.23 level.

For now a bounce is in progress, but with the downtrend line still existence we would need to see a move back above $1.24 to reverse the bearish view.

EUR/USD chart

f4bd8241ac0a3b3d787a8ce570d77af6 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

GBP/USD looks to try and hit $1.40

GBP/USD continues to hold above the 50-day simple moving average (SMA) at $1.3918, and another run at $1.40 looks to be on the cards.

Above this, $1.4070 and then $1.4145 will be targets to watch. A close back below $1.3850 is needed to put a bearish outlook on the pair.

GBP/USD chart

d8ad01566099a7a165f28803cf1127a9 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

AUD/USD meets obstacles to recovery

AUD/USD is rebounding from big losses yesterday, but only modestly, and it now faces hurdles at $0.78, $0.7835 and $0.7850.

Further declines bring $0.7750 into view, and then $0.7712.

AUD/USD chart

9efc67b4219ef6cb71ddd7e0d62ea256 - FX levels to watch – EUR/USD, GBP/USD, AUD/USD

Source

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news
16/03/2018
админ
Related ItemsEURforexFXGBPlossesmoving averagetrigger

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