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

The one to watch as Christmas nears may be AUD/USD, which is aiming for further gains after rebounding from its lows.

EUR/USD aims for a breakthrough

Once again EUR/USD has returned to the $1.1858 level, where gains stalled at the end of last week.

Above here $1.1879 comes into play, and then the pair would look to move back to $1.1950. A turn lower targets $1.1808 and then $1.1725.

EUR/USD price chart

GBP/USD prepares to move lower

Despite GBP/USD's bounce from the lows, the price is unable to push on back to $1.3467.

A renewed drop heads towards $1.3341 and then $1.33. 

GBP/USD price chart

AUD/USD consolidates after bounce

Having bottomed out earlier this month, AUD/USD has rallied strongly, and may well have further gains in it.

While off the $0.77 high of last week, it has found consistent support around the $0.7650 area, which are the highs from 5 December. Above $0.7694, the price will head towards $0.7748.

AUD/USD price chart

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