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

EUR/USD, GBP/USD and AUD/USD are all holding above recent lows, but the broadly bearish view still prevails.

EUR/USD rallies off lows

EUR/USD’s rally off the $1.112 zone has been seen, but it will likely remain a possible selling opportunity.

An immediate target is $1.116, and from there $1.12. A close below $1.112 would mark a fresh push to the downside.

EUR/USD chart

EUR/USD chart

GBP/USD still pushing lower

GBP/USD has stabilised around $1.288, although the downtrend remains intact.

A close above $1.292, and then $1.296, would break the sequence of intraday lower highs. However, a failure to push on above $1.292 would mark another selling opportunity.

GBP/USD chart

GBP/USD chart

AUD/USD holds above $0.70

The sellers have failed to hold the AUD/USD price below $0.70, but the rebound needs to move back above $0.705 to suggest more upside is likely.

A close below $0.699 would open the way for further downside.

AUD/USD chart

AUD/USD chart


This information has been prepared by IG, a trading name of IG Markets 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.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.