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/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
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/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
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. 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.
Live prices on most popular markets
- Forex
- Shares
- Indices
