FX levels to watch – EUR/USD, GBP/USD, AUD/USD

The Federal Reserve (Fed) meeting failed to revive the US dollar, and it looks like more gains are in order for sterling and the euro.

EUR/USD uptrend revives

The price for EUR/USD has found buyers around $1.24, a higher low from the weakness at the beginning of the week around $1.2323.

Thus, we should expect further gains from here, with $1.25 and $1.2550 in view. It will require a move below $1.2323 to negate this view. 

GBP/USD recovery continues

The dip towards $1.40 provided another strong buying opportunity for GBP/USD.

The price is recovering from $1.40 and moving back towards last week’s highs at $1.4346. Longer term, the next move would be towards $1.4649.

AUD/USD stalls below $0.81

It has been a tough week for AUD/USD, faltering around the $0.81 level.

It looks as if a bigger dip could be taking place, with the next possible support at $0.79. A close back above $0.81 would target $0.8163.

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