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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 under pressure as greenback appreciates​

​​​AUD/USD, EUR/USD and GBP/USD under pressure as greenback appreciates​, just as it did in Q1 2024.​

AUD Source: Bloomberg

AUD/USD nears support

AUD/USD slips towards its $0.6478 March low which may offer short-term support. Below it lies the February low at $0.6443. This level will remain in play as long as no bullish reversal above $0.6634 is seen.

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

​EUR/USD drops further

EUR/USD's descent is taking it towards the $1.0724-23 December and early February lows below which lies the $1.0695 February low.

​While the $1.0797 to $1.0802 late February and March lows aren't overcome, the downtrend remains firmly entrenched.

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

​GBP/USD falls out of bed

GBP/USD's fall through the 200-day Simple Moving Average (SMA) at $1.2586 pushes key support between the December-to-February lows at $1.2519 to $1.25 to the fore.

​Resistance is now seen along the 200-day SMA at $1.2586.​​

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

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