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

Dollar strength remains the watchword, with the greenback seeing a revival for the time being.

All trading involves risk. Losses can exceed deposits.

EUR/USD keeps pushing lower

The decline of EUR/USD continues, pushing to new lows today.

Further declines bring support into play at $1.2165 and then $1.2092, with the rising 50-day simple moving average (SMA) of $1.2065 also a possible area of support.

EUR/USD price chart

GBP/USD weaker ahead of BoE announcement

The price for GBP/USD faltered yesterday and turned lower, with sellers continuing to push the price lower.

Now Tuesday’s low at $1.3836 is under threat, and if this goes then the September peak at $1.3659 comes into view.

GBP/USD price chart

AUD/USD tumbles to key support

The pullback to $0.78 has put a serious dent in the rally from the December lows for AUD/USD.

Attempts at intraday rallies have been firmly sold, so it appears that the sellers remain in control. Below $0.78, the 200-day SMA at $0.7752 comes into view, as does previous support at $0.7748.

AUD/USD price chart

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