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

Risk appetite is in evidence across FX this morning, with gains for EUR/USD, GBP/USD and AUD/USD.

EUR/USD heads to $1.132 again

The EUR/USD price tried to break through $1.132 yesterday but failed, but an overnight pullback towards $1.13 has found buyers.

A fresh push to $1.132 may be in the offing, which would open the way to $1.145. A close below $1.128 would be a bearish development.

GBP/USD aims to break higher

Cable continues to trade within an ascending triangle, as rising trendline support from the 5 April low continues to support the price.

A close above $1.312 is needed to provide a positive break to the upside. Further declines below $1.307 would target $1.302 and then $1.299.

AUD/USD continues to gain

Despite the Reserve Bank of Australia's (RBA’s) dovish turn, AUD/USD is in an ascending channel, with higher highs and lows forming over the past two weeks.

The pair appears to have found some support in the $0.714-$0.715 area, and a fresh push higher from here targets $0.719. A close below $0.713 could signal that the channel has been broken to the downside.


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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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