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

Yet more dollar strength continues to bear down on the euro, sterling and the Aussie.

EUR/USD still on the decline

The euro continues its descent, with no rebound in sight yet for EUR/USD.

The current downtrend would be broken with a move above $1.1880, but even then any rebound that fails to clear $1.21 would likely be a fresh selling opportunity. The next target on the downside is $1.1717, the December low.

GBP/USD holding for now

Consolidation appears to be the order of the day, as the GBP/USD price hovers around $1.35.

A bullish move requires a close above $1.3659. Further declines will target $1.3321.

AUD/USD selling continues

AUD/USD rallies have been sold since the beginning of the year.

While downward momentum looks strong at present, a rebound could be in the offing. This would require a move back above $0.7473.

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