FX levels to watch: EUR/USD, GBP/USD and AUD/USD
The euro has leapt higher after finding support at $1.12, while AUD/USD is preparing to challenge the top end of its recent range.
EUR/USD rallies off $1.12
EUR/USD saw strong momentum yesterday, lifting it off the $1.12 level. Fresh gains target $1.13, and then on towards $1.145.
If the $1.12 lows mark a bottom and we have a more bullish view developing, a close back below $1.12 is needed to negate this outlook.
GBP/USD tiptoes higher
There has been some limited upside for GBP/USD, but with an extension to Article 50 still to be granted, hesitation prevails.
However, if the price manages to hold $1.30 then a more bullish view might prevail, targeting $1.32 in the first instance. A close below $1.297 is needed to spark a more bearish view.
AUD/USD tests range top
AUD/USD has returned to the $0.714 area that acted as resistance in the latter half of March.
A close above $0.716 is needed to hand the initiative to the bulls and open the way to $0.72. A failure to hold above $0.716 would suggest the current range remains in place and that a move back to $0.705 is in the offing.
The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.
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
- Take your position
- 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.
