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.

GBP/USD and NZD/USD push higher, as EUR/USD lags behind

GBP/USD and NZD/USD continue their drive higher, while EUR/USD lags behind despite EU budget breakthrough.

EUR/USD reverses lower from key resistance zone

EUR/USD has weakened off the back of rally into the $1.1917 resistance level, with the pair looking set to continue the consolidation that has dominated the past two months.

With the pair turning lower once again this morning, a break below the $1.178 support level would bring a fresh bearish signal. Ultimately, this current move lower looks to be another part of a wider range, with a break through either $1.1917 or $1.1612 required to spark calls for a potential breakout.

GBP/USD continues to push higher

GBP/USD is on the rise once again today, with the pair continuing the uptrend seen since September.

While another retracement is likely before long, the short-term nature of this trend remains bullish unless we see a break below the $1.3118 swing low. Such a move would signal the beginning of a wider retracement of the rally from $1.2854. Until then, further upside looks likely for continue as things stand.

NZD/USD rallies into fresh 19-month high

NZD/USD has surged into a fresh 19-month high after the latest Reserve Bank of New Zealand meeting overnight, with that move providing the latest leg in a long-standing uptrend.

That rally does raise the risk of a short-term pull back, yet unless we see a break below the $0.6803 support level it is likely we will soon move higher once again.

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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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