Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​​​EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it

​​​EUR/USD, GBP/USD weigh on key support while AUD/USD stabilizes above it​ ahead of the weekend.​

GBP/USD Source: Bloomberg

​​​EUR/USD remains under pressure

EUR/USD slid to the $1.07 mark on Thursday which, together with the $1.0694 February low remains in sight and represents major support. Were it to give way on a daily chart closing basis, a longer-term bearish signal would be triggered.

Minor resistance remains to be seen at Friday's $1.0791 low.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​GBP/USD still under pressure

GBP/USD weighs on the key $1.252 to $1.25 support zone, a fall through which would have bearish implications.

​Minor resistance is seen along the 200-day simple moving average (SMA) at $1.2582.

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

​AUD/USD hovers above support

AUD/USD found support above Wednesday's $0.6499 low below which lies the $0.6481 to $0.6478 zone.

​For now the 55- to 200-day SMA at $0.6541 to $0.6544 act as resistance. Further up sits the $0.6559 late-March high.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.

Start trading forex today

Find opportunity on the world’s most-traded – and most-volatile – financial market

  • Trade spreads from just 0.6 points on EUR/USD
  • Analyse with clear, fast charts
  • Speculate wherever you are with our intuitive mobile apps

See an FX opportunity?

Try a risk-free trade in your demo account, and see whether you’re onto something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See an FX opportunity?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from just 0.6 points on popular pairs
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See an FX opportunity?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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.