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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

​​​EUR/USD, GBP/USD and AUD/USD resume their ascents​​​

​​​EUR/USD, GBP/USD and AUD/USD resume their ascents​ ahead of Fed Chair Jerome Powell's 3pm speech at the Jackson Hole symposium on Friday.​

Pound Source: Adobe images

​​​EUR/USD stays bid

EUR/USD continues to trade around its December peak at $1.1139, having so far risen to $1.1174 before consolidating. Further up beckons the July 2023 peak at $1.1275.

Going forward, the $1.1047-40 area may offer potential support.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​GBP/USD pushes higher still

GBP/USD remains on track to reach its July 2023 peak at $1.3143.

The July high at $1.3045 may now act as support ahead of the $1.30 mark.

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

​AUD/USD resumes its ascent

AUD/USD's sharp rally off its $0.6349 low is still gunning for its July high at $0.6798.

Minor support remains to be seen between the May peak at $0.6714 and Thursday's low at $0.6698.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

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