EUR/USD mixed but GBP/USD and AUD/USD look for gains
The pound has pushed on to new highs for the year against the dollar, while the Aussie is showing signs of strength.
EUR/USD shaky after ECB decision
The European Central Bank’s (ECB) 25-basis point (bp) hike failed to drive EUR/USD higher, though it continues to sit around recent highs.
No serious retracement is yet in play here, and it would need a move below $1.093 to suggest one might develop in the short-term.
For the moment, the bullish view continues to hold sway, with a move towards $1.118 (the April 2022 high) still in prospect.
GBP/USD at new 2023 highs
The price pushed a little higher on Thursday with GBP/USD, and with a bullish daily moving average convergence/divergence (MACD) crossover looming a new leg higher could be underway.
This might then see the pair push on to the May 2022 highs at $1.266. Dips so far have been shallow, with no sign yet of a more significant turn to the downside at hand.
AUD/USD looks to move higher
The price has rallied with AUD/USD, and is now testing the 50-day simple moving average (SMA) once again.
A move above this might help revive a bullish view, and could see the pair push on towards the $0.679 highs that marked the peak back in April. Having fallen back from the February highs there are now signs of stabilisation.
This bullish view would be negated by a move back below $0.66.
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