AUD/USD slips to fresh 13-month low while EUR/USD, GBP/USD range trade
AUD/USD slips to fresh 13-month low while EUR/USD, GBP/USD range trade ahead of Wednesday’s Fed rate decision and Thursday’s BoE monetary policy meeting.
AUD/USD trades in fresh 13-month lows
AUD/USD trades in fresh 13-month lows and so far dipped to $0.63. Below this level the October 2023 low can be seen at $0.6271.
Minor resistance above the 11 December low at $0.6337 is seen at Thursday's $0.6429 high.
EUR/USD still side-lined
EUR/USD continues to range trade above Friday's $1.0454 low, made marginally below the early December low at $1.0461. The $1.06 region seems to be the upper end of the sideways trading range.
Below $1.0454 lies the November $1.0333 low.
GBP/USD loses upside momentum
GBP/USD remains close to but still below the September-to-December resistance line but above Monday's $1.2617 low. Below it lies the mid-November $1.2597 low.
The 20 and 29 November highs at $1.2715-to-$1.275 continue to represent a resistance zone. Further up meanders the 200-day simple moving average (SMA) at $1.2817.
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