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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

​​AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed decision​​

​​​​AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed rate cut decision with odds favouring a 50 basis point rate cut by 65%.​​​

Dollar Source: Adobe images

​​​AUD/USD pauses ascent

AUD/USD reached its 6 September $0.6767 high around which its advance is taking a breather. Further up lies the July peak at $0.6798. 

Minor support around the 22 August low at $0.6698 may act as potential support ahead of the 55-day simple moving average (SMA) at $0.6674 in case of a drop in the cross being witnessed.

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

​EUR/USD loses upside momentum

EUR/USD still has its 6 September high at $1.1155 in its sights with the 22 August low at $1.1098 acting as minor support. 

Further minor support comes in at Friday's $1.1071 low and also around the 3 September low at $1.1027. Above $1.1155 lies the August peak at $1.1201.

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

​GBP/USD advance stalls

GBP/USD recovery rally from the $1.3000 mark has come close to its recent highs at $1.3239-to-$1.3267 which cap for now. If overcome, the $1.3300 region would be in focus. 

Potential slips may find support around the 3 September low at $1.3088 ahead of this week's low at $1.3002.

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

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