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

Risk appetite is in evidence across FX this morning, with gains for EUR/USD, GBP/USD and AUD/USD.

EUR/USD heads to $1.132 again

The EUR/USD price tried to break through $1.132 yesterday but failed, but an overnight pullback towards $1.13 has found buyers.

A fresh push to $1.132 may be in the offing, which would open the way to $1.145. A close below $1.128 would be a bearish development.

GBP/USD aims to break higher

Cable continues to trade within an ascending triangle, as rising trendline support from the 5 April low continues to support the price.

A close above $1.312 is needed to provide a positive break to the upside. Further declines below $1.307 would target $1.302 and then $1.299.

AUD/USD continues to gain

Despite the Reserve Bank of Australia's (RBA’s) dovish turn, AUD/USD is in an ascending channel, with higher highs and lows forming over the past two weeks.

The pair appears to have found some support in the $0.714-$0.715 area, and a fresh push higher from here targets $0.719. A close below $0.713 could signal that the channel has been broken to the downside.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.