CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

EUR/USD, GBP/USD and AUD/USD all weakening

Dollar strength is putting pressure on key currency pairs, pointing towards renewed weakness against the greenback for the euro, sterling and the Aussie.

EUR/USD moves down from lower high

EUR/USD is heading lower from trendline resistance, after recording a second lower high at $1.22, following on from the $1.225 lower high at the beginning of last week.

A resumption of the downward move targets $1.21 and lower, while a more bullish view requires the price to rally back above $1.22 and then make progress towards $1.225.

GBP/USD heads back to $1.41

Further weakness for the GBP/USD has seen the price drop back towards $1.41, the crucial area of support over the past three weeks.

If this is broken then a more bearish view may begin to prevail, although there is more potential support around $1.4013. A revival above $1.42 puts the buyers back in charge.

AUD/USD turns lower

Since mid-May lower highs have prevailed here with AUD/USD, and with the price turning back down from $0.776 it looks like a new leg lower could be in play.

This would bring $0.766 into view. A more bullish view would need the price to rebound above $0.77 and clear the two previous lower highs.


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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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