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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 probes key resistance while EUR/USD, GBP/USD advance ahead of US CPI print​​​

​​​AUD/USD probes key resistance while EUR/USD, GBP/USD advance ahead of closely followed US CPI release.​​

AUD Source: Getty Images

​​​AUD/USD probes key resistance

AUD/USD digs into the $0.6644 to $0.6667 key resistance zone. A rise above $0.6667 would target the $0.685 region.

​Immediate upside pressure should be maintained while Tuesday's low at $0.658 underpins on a daily chart closing basis.

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

​EUR/USD nears downtrend line

​EUR/USD nears the $1.0832 tentative downtrend line, a daily chart close above which would put the April high at $1.0885 on the cards.

​Potential slips may find support along the 200- and 55-day simple moving averages (SMAs) at $1.0790-89.

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

​GBP/USD continues its ascent

GBP/USD has broken through the March-to-May tentative downtrend line at $1.2582 and tests the 55-day SMA at $1.2598. Further up beckons the early May peak at $1.2635.

​The currency pair remains bullish while above its $1.2466 early May low.

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

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