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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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AUD/USD, EUR/GBP drop to multi-year lows while EUR/USD dips​​​

​​​​AUD/USD, EUR/GBP drop to multi-year lows while EUR/USD dips​​​​

AUD Source: Adobe images
Forex Shares EUR/USD EUR/GBP AUD/USD Euro
Written by: Axel Rudolph FSTA | Senior Financial Analyst, London
Publication date:

​​​AUD/USD drops to 13-month low

AUD/USD's fall through the August low at $0.6349 as the RBA kept rates on hold at 4.35% but adopted a mildly dovish stance puts the October 2023 low at $0.6271 on the map.

​Minor resistance can be seen at Friday's $0.6373 low.

​​​AUD/USD daily chart

AUD/USD chart Source: TradingView
AUD/USD chart Source: TradingView

​EUR/GBP slips to 2 3/4 year low

EUR/GBP's fall through the £0.8271 to £0.8260 support zone and the £0.8250 mid-August 2022 low is short-term bearish with the March 2022 low at £0.8204 being eyed.

​Because of inverse polarity the £0.8260 to £0.8271 area has now become resistance.

​EUR/GBP daily chart

EUR/GBP chart Soure: TradingView
EUR/GBP chart Soure: TradingView

​EUR/USD drops

EUR/USD comes further off Friday's $1.0629 high and is seen heading towards last week's low at $1.0461. Below it lies the November $1.0333 low. 

​EUR/USD daily chart

EUR/USD chart Source: TradingView
EUR/USD chart Source: TradingView

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