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

The euro, sterling and the Aussie have all recovered from their lows seen earlier in the week.

EUR/USD continues to gain

A steady push higher continues for EUR/USD, with some early weakness this morning a possible buying opportunity.

Further gains above the 50-day simple moving average (SMA) of $1.1586 would indicate a move towards $1.17 and then key resistance around $1.18. A close below $1.15 reinvigorates the bearish case.

GBP/USD lifted by Brexit hopes

GBP/USD continues to see gains, with intraday weakness still finding buyers.

The next stop is the $1.33 area, while dips below $1.317 would potentially suggest that indecision is setting in ahead of the weekend.

AUD/USD tiptoes higher

AUD/USD’s march lower seen over the past few months has stalled over the previous week, but the recovery has been modest at best.

The first upside level to watch is $0.716, followed by the still-intact downtrend line from January, which suggests resistance around $0.72.

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.