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 on the rise again

EUR/USD, GBP/USD and AUD/USD continue to rise despite yesterday's brief pullback.

​EUR/USD rallies back into key resistance

EUR/USD has managed to drive higher from Fibonacci support this week, with the 76.4% retracement coming into play at $1.1239. The uptrend remains in play despite the pullback seen earlier in the week, with the move back towards $1.1383 bringing a potential bullish breakout into fresh three-month high.

With that in mind, further upside does look likely, with a rise through Friday's peak providing a bullish continuation signal.

GBP/USD pushes higher as uptrend continues

GBP/USD has managed to push through the $1.2756 resistance level this morning, following a volatile day yesterday. The drop below $1.2628 support had raised some questions, yet we have seen that left behind us now that resistance has been broken.

With that in mind, further upside looks likely for this pair. To the downside, a break below the $1.2615 level would be required to raise questions of this uptrend.

AUD/USD on the rise again after recent volatility

AUD/USD has been on the rise again this morning, with the pair rising back into trendline resistance once again this morning. The recent pullback took the pair back into the 76.4% Fibonacci support level, with the price on the rise since.

With that in mind, there is a good chance we will continue to rise from here. As such, the bullish outlook remains intact, with a break below $0.6856 required to bring about a more bearish outlook.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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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