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 expected to gain further

EUR/USD, GBP/USD, and AUD/USD look likely to gain further despite short-term consolidation.

EUR/USD breaks into fresh two-year high

EUR/USD has continued its rise following last week's Federal Open Market Committee (FOMC) volatility, with the break through $1.1883 ultimately providing a signal that we were likely to continue the bullish trend of recent weeks.

Now that we have seen a new high above $1.1965, there is a chance we could roll back for another wider retracement at some point. However, the key is to follow the short-term trend, with a bullish outlook in play until we see a break below the $1.1925 swing low.

GBP/USD trending higher as we hit multi-month highs

GBP/USD has similarly been on the rise, with the price trading at eight-month highs. Crucially, we are approaching the critical $1.3515 resistance level, where a break above that point would bring about a two-year high.

With the price back at trendline resistance, we could see some weakness come into play over the short term. However, whether we see a short-term pullback or not, a bullish outlook is in play unless the price breaks below the $1.3356 swing low.

AUD/USD consolidating within uptrend

AUD/USD has been consolidating this morning despite significant losses on the ASX 200 in response to the Chinese arrest of a Australian journalist.

Nevertheless, despite continued tensions between the two sides, AUD/USD looks primed for further upside given the uptrend in play over the months. In the short term, we also have a clear uptrend in play, with further upside looking likely unless we see a break through the $0.7366 lows established overnight.


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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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