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.

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