AUD/USD, EUR/USD and GBP/USD rally on weaker post Fed US dollar
AUD/USD, EUR/USD and GBP/USD resume their ascents as the greenback takes a hit amid the Fed’s dovish stance.
AUD/USD resumes its ascent
AUD/USD is heading swiftly to the December-to-March uptrend line at $0.663, above which beckons the current March peak at $0.6667.
Potential slips may find support around the $0.6624 late January high or the 22 February high at $0.6595.
EUR/USD rallies post Fed meeting
EUR/USD rallied from its 200-day simple moving average (SMA) at $1.0839 which acted as support over the past two days. The December-to-March tentative downtrend line at $1.0953 is now in sight ahead of the $1.0981 current March peak and the psychological $1.10 mark.
Minor support can be found around the 22 February high at $1.0888.
GBP/USD is heading back up again
GBP/USD's has bounced off its September 2022-to-March uptrend line which offered support on Tuesday and is heading back up again, targeting the $1.2823 mid-March high. Further up beckons the $1.2894 current March peak.
Potential lips may find support between the 24 January to 2 February highs at $1.2775 to $1.2772.
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