AUD/USD, EUR/GBP and GBP/USD await US PCE inflation print
AUD/USD, EUR/GBP and GBP/USD short-term under pressure as the crosses await Friday’s US PCE inflation print.
AUD/USD under pressure
AUD/USD has once again been rejected by major resistance at $0.6698-to-$0.6714 and probes the April-to-June support line at $0.662.
Only failure at $0.6577 would engage the 8 May low at $0.6558.
GBP/USD tries to find support
GBP/USD is still trying to recover from its the 55-day simple moving average (SMA) at $1.2625 with Wednesday's high at $1.274 being in sight.
Potential slips may find support along the 200-day SMA at $1.2563.
This information has been prepared by IG, a trading name of IG Markets 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.
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
