EUR/USD, GBP/USD and AUD/USD continue to push higher
EUR/USD, GBP/USD and AUD/USD continue to gain ground, with risk-on sentiment continuing to drive the dollar lower.
EUR/USD continues its push higher
EUR/USD has been on the rise this week, with the pair breaking through the November high to bring about the highest reading in almost three months yesterday.
We would need to see a break back below the prior swing low of $1.1882 to negate the current short-term uptrend. Until then, further gains seem likely.
GBP/USD heads higher once more
GBP/USD has been gaining ground over the course of the week, with the pair posting a deep retracement towards the end of last week.
The fact that we continue to create higher lows does highlight the potential upside we could see from here, with a bullish outlook in play unless we see a break back below the $1.3304 swing low.
AUD/USD continues to gain ground, bringing multi-month highs
AUD/USD has managed to push through the $0.7374 resistance level this morning, with fears over a trade spat between Australia and China doing little to dent appetite for this pair.
The break through the likes of $0.7352 and $0.7325 would point towards a retracement period coming into play here. However, until that happens it looks likely we are going to see further gains come into play here.
This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
