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

There are mixed messages across a number of FX pairs, with a Brexit breakthrough providing a bullish signal for GBP/USD despite a more bearish outlook for AUD/USD.

EUR/USD ascent slows as we head into key resistance

EUR/USD has been trying to rally through the Tuesday peak of $1.1733, with the pair pushing towards the crucial bullish breakout level of $1.1746.

So far, however, we have failed to break either of those levels, which points towards a potential period of weakness. A break below $1.1651 would signal an impending bearish phase, with a bullish short-term trend remaining in play until then.

EUR/USD price chart

GBP/USD breaks through resistance after Brexit breakthrough

GBP/USD managed to rally through trendline and horizontal resistance ($1.2936) this week, with an apparent breakthrough in Brexit negotiations leading to gains for the pair. With the ascent slowing, there is a chance we could soon see some form of retracement.

However, until we break below $1.2799, there is a good chance that any such drop is a retracement rather than bearish reversal. With Brexit negotiators, Dominic Raab and Michel Barnier, meeting tomorrow, GBP/USD is likely to be heavily impacted further as the week goes on.

GBP/USD price chart

AUD/USD continues to weaken following breakdown

AUD/USD has been moving lower following a fall below the $0.7307 swing low earlier in the week. The pair has a clearly defined downtrend, which should remain unless we see a rally through the $0.7362 mark.

On the flip side, with higher lows and lower highs in play over the past fortnight, a drop below $0.7237 would provide greater confidence of another bearish breakdown for the pair.

AUD/USD price chart



Denna information har sammanställts av IG, ett handelsnamn för IG Markets Limited. Utöver friskrivningen nedan innehåller materialet på denna sida inte ett fastställande av våra handelspriser, eller ett erbjudande om en transaktion i ett finansiellt instrument. IG accepterar inget ansvar för eventuella åtgärder som görs eller inte görs baserat på detta material eller för de följder detta kan få. Inga garantier ges för riktigheten eller fullständigheten av denna information. Någon person som agerar på informationen gör det således på egen risk. Materialet tar inte hänsyn till specifika placeringsmål, ekonomiska situationer och behov av någon specifik person som får ta del av detta. Det har inte upprättats i enlighet med rättsliga krav som ställs för att främja oberoende investeringsanalyser utan skall betraktas som marknadsföringsmaterial. Se fullständig friskrivning och kvartalsvis sammanfattning.

Artiklar av våra analytiker

  • Aaran Fronda
    London
  • Andreas Ruhlmann
    Ginevra
  • Angela Teng
    Singapore
  • Anzél Killian
    Johannesburg
  • Becca Cattlin
    London
  • Callum Cliffe
    London
  • Chris Beauchamp
    London
  • Daniel Dubrovsky
    San Francisco
  • Erik Hansén, CFTe
    Stockholm
  • James Stanley
    New York City
  • Jeremy Naylor
    London
  • Jingyi Pan
    Singapore
  • Joshua Mahony
    London
  • Joshua Warner
    London
  • Justin McQueen
    London
  • Kyle Rodda
    Australia
  • Martin Essex
    London
  • Michael Boutros
    New York City
  • Nick Cawley
    London
  • Nyandabeh Ella Vincent
    Chicago
  • Paul Robinson
    New York
  • Rich Dvorak
    Chicago
  • Shane Walton
    Australia
  • Shaun Murison
    Johannesburg
  • Thierry Tshilonda
    Johannesburg
  • Travis Robson
    Johannesburg
  • Victoria Scholar
    London
  • Will Hall-Smith
    London

Find out more about

Trading forex
Forex CFD details
What moves fx markets

window.$CQ = window.jQuery; window.IG = window.IG || {}; window.IG.cq = window.IG.cq || {};

CFD-kontrakt är komplexa instrument som innebär stor risk för snabba förluster på grund av hävstången. 75 % av alla icke-professionella kunder förlorar pengar på CFD-handel hos den här leverantören. Du bör tänka efter om du förstår hur CFD-kontrakt fungerar och om du har råd med den stora risken för att förlora dina pengar. Optioner och turbowarranter är komplexa finansiella instrument och du riskerar ditt kapital. Förluster kan ske extremt snabbt. CFD-kontrakt är komplexa instrument som innebär stor risk för snabba förluster på grund av hävstången.

{"@context":"http://schema.org","@type":"NewsArticle","mainEntityOfPage":"https://www.ig.com/se/nyheter-och-trading-ideer/valuta-nyheter/fx-levels-to-watch--eur-usd--gbp-usd-and-aud-usd-180830","headline":"FX levels to watch – EUR/USD, GBP/USD and AUD/USD","image":{"@type":"ImageObject","url":"https://a.c-dn.net/c/content/igcom/sv_SE/ig-finansiella-marknader/market-news-and-analysis/forex/2018/08/30/fx-levels-to-watch--eur-usd--gbp-usd-and-aud-usd/jcr:content/textimage/image.img.jpg/1535626204637.jpg","height":250,"width":350},"publisher":{"@type":"Organization","name":"IG","logo":{"@type":"ImageObject","url":"https://a.c-dn.net/c/etc/designs/onedomain/images/IG-60x60.png","height":60,"width":60}},"datePublished":"2018-08-30T09:18:34+0100","dateModified":"2018-08-30T09:18:34+0100","author":{"@type":"Person","name":"Joshua Mahony"},"description":"There are mixed messages across a number of FX pairs, with a Brexit breakthrough providing a bullish signal for GBP/USD despite a more bearish outlook for AUD/USD.","isAccessibleForFree":"True"} {"@context":"http://schema.org","@type":"VideoObject","name":"Charting forex: GBP/USD rallies as further volatility looms","description":"Charting forex: GBP/USD rallies as further volatility looms","thumbnailUrl":"https://bcsecure01-a.akamaihd.net/13/2830693144001/201808/2516/2830693144001_5828702800001_5828695495001-th.jpg?pubId=2830693144001&videoId=5828695495001","uploadDate":"2018-08-30T11:23:55+0100","duration":"PT5M38.987S","publisher":{"@type":"Organization","name":"IG","logo":{"@type":"ImageObject","url":"//a.c-dn.net/c/etc/designs/onedomain/1570549447000/images/IG-60x60.png","height":60,"width":60}},"contentUrl":"https://bcsecure04-a.akamaihd.net/22/2830693144001/201808/2516/2830693144001_5828701699001_5828695495001.mp4?pubId=2830693144001&videoId=5828695495001"}