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

Dollar strength remains the watchword, with the greenback seeing a revival for the time being.

EUR/USD keeps pushing lower

The decline of EUR/USD continues, pushing to new lows today.

Further declines bring support into play at $1.2165 and then $1.2092, with the rising 50-day simple moving average (SMA) of $1.2065 also a possible area of support.

GBP/USD weaker ahead of BoE announcement

The price for GBP/USD faltered yesterday and turned lower, with sellers continuing to push the price lower.

Now Tuesday’s low at $1.3836 is under threat, and if this goes then the September peak at $1.3659 comes into view.

AUD/USD tumbles to key support

The pullback to $0.78 has put a serious dent in the rally from the December lows for AUD/USD.

Attempts at intraday rallies have been firmly sold, so it appears that the sellers remain in control. Below $0.78, the 200-day SMA at $0.7752 comes into view, as does previous support at $0.7748.

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.

Find articles by analysts