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.
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.
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.
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