CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

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

The one to watch as Christmas nears may be AUD/USD, which is aiming for further gains after rebounding from its lows.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

EUR/USD aims for a breakthrough

Once again EUR/USD has returned to the $1.1858 level, where gains stalled at the end of last week.

Above here $1.1879 comes into play, and then the pair would look to move back to $1.1950. A turn lower targets $1.1808 and then $1.1725.

GBP/USD prepares to move lower

Despite GBP/USD's bounce from the lows, the price is unable to push on back to $1.3467.

A renewed drop heads towards $1.3341 and then $1.33. 

AUD/USD consolidates after bounce

Having bottomed out earlier this month, AUD/USD has rallied strongly, and may well have further gains in it.

While off the $0.77 high of last week, it has found consistent support around the $0.7650 area, which are the highs from 5 December. Above $0.7694, the price will head towards $0.7748.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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