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.

FX levels to watch: EUR/USD, GBP/USD and AUD/USD

EUR/USD and GBP/USD are recovering, but AUD/USD is sounding a warning signal for the rebound in risk assets.

EUR/USD still in trend channel

EUR/USD continues to cleave to the rising channel, although we have yet to see a significant bounce.

Yesterday saw the index hold the $1.134 area. If this remains the case, the bullish view suggesting a bounce back towards $1.15 remains in place. A close below $1.134 brings horizontal support at $1.13 into play.

GBP/USD eyes up $1.30

Employment figures yesterday bolstered GBP/USD, reviving the uptrend. A fresh push above $1.30 will mark a bullish breakout, targeting $1.304 and then $1.32.

A firm move below $1.28 is needed to suggest that the sequence of higher lows has been broken.

AUD/USD keeps on declining

AUD/USD continued its downward move yesterday, providing further evidence that global risk appetite is waning.

A rally off the lows yesterday is faltering at $0.714, creating a lower high. Further declines target $0.712 and then $0.709.


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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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