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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

AUD/USD revisits support while EUR/USD consolidates and USD/JPY probes upside​​​

​​​AUD/USD revisits support while EUR/USD consolidates and USD/JPY probes upside​ amid Fed ‘rates higher for longer’ talk.​

USD Source: Getty Images

​​​AUD/USD probes support

AUD/USD weighs on its previous key resistance - now because of inverse polarity support zone - at $0.666 to $0.664, just as it did last week when it bounced off it. While it holds on a daily chart closing basis, last week's high at $0.67 remains in sight and, above it, the $0.68 area.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

​EUR/USD rally stalls

EUR/USD struggles to overcome last week's high at $1.08, above which still beckons the March peak at $1.09. Upside pressure will retain the stronger hand while Friday's low at $1.08 underpins. Further minor support can be seen along the breached downtrend line at $1.08.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​USD/JPY pushes upwards

USD/JPY gradual advance towards last week's high at ¥156.78 remains on track. ​Above ¥156.78 beckons the ¥158.00 region while ¥153.61 underpins. Below it meanders the 55-day simple moving average (SMA) at ¥152.86.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

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