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

Dollar strength remains the watchword, with the greenback seeing a revival for the time being.

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 keeps pushing lower

The decline of EUR/USD continues, pushing to new lows today.

Further declines bring support into play at $1.2165 and then $1.2092, with the rising 50-day simple moving average (SMA) of $1.2065 also a possible area of support.

GBP/USD weaker ahead of BoE announcement

The price for GBP/USD faltered yesterday and turned lower, with sellers continuing to push the price lower.

Now Tuesday’s low at $1.3836 is under threat, and if this goes then the September peak at $1.3659 comes into view.

AUD/USD tumbles to key support

The pullback to $0.78 has put a serious dent in the rally from the December lows for AUD/USD.

Attempts at intraday rallies have been firmly sold, so it appears that the sellers remain in control. Below $0.78, the 200-day SMA at $0.7752 comes into view, as does previous support at $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.