EUR/USD, GBP/USD and AUD/USD on the rise again
EUR/USD, GBP/USD and AUD/USD continue to rise despite yesterday's brief pullback.
EUR/USD rallies back into key resistance
EUR/USD has managed to drive higher from Fibonacci support this week, with the 76.4% retracement coming into play at $1.1239. The uptrend remains in play despite the pullback seen earlier in the week, with the move back towards $1.1383 bringing a potential bullish breakout into fresh three-month high.
With that in mind, further upside does look likely, with a rise through Friday's peak providing a bullish continuation signal.
GBP/USD pushes higher as uptrend continues
GBP/USD has managed to push through the $1.2756 resistance level this morning, following a volatile day yesterday. The drop below $1.2628 support had raised some questions, yet we have seen that left behind us now that resistance has been broken.
With that in mind, further upside looks likely for this pair. To the downside, a break below the $1.2615 level would be required to raise questions of this uptrend.
AUD/USD on the rise again after recent volatility
AUD/USD has been on the rise again this morning, with the pair rising back into trendline resistance once again this morning. The recent pullback took the pair back into the 76.4% Fibonacci support level, with the price on the rise since.
With that in mind, there is a good chance we will continue to rise from here. As such, the bullish outlook remains intact, with a break below $0.6856 required to bring about a more bearish outlook.
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