EUR/USD, GBP/USD regain lost ground while AUD/USD trades in five-month lows
EUR/USD, GBP/USD regain lost ground while AUD/USD trades in five-month lows ahead of US Non-Farm Payrolls on Friday.
EUR/USD hovers above support
EUR/USD is still targets its recent highs at $1.0597 to $1.0610 and should continue to do so while Monday's low at $1.0461 underpins. Below it lies the November $1.0333 low.
EUR/USD daily chart
GBP/USD gradually recovers
GBP/USD's recovery from its November six-month low at $1.2488 to $1.2750 has been followed by a drop to $1.2617 on Monday from where another attempt to the upside is underway.
Resistance above last week's $1.2750 high can be seen along the 200-day simple moving average (SMA) at $1.2819. Below $1.2617 sits the mid-November $1.2597 low.
EUR/USD daily chart
AUD/USD trades in 5-month lows
AUD/USD continues to trade in five month lows and so far dipped to $0.6400. Were a slip through this level to be seen, the August low at $0.6349 would be in sight.
Minor resistance remains to be seen along the September to November downtrend line and the 29 November high at $0.6518 to $0.6528.
AUD/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.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
