AUD/USD, EUR/USD and GBP/USD drop after hawkish Fed cut
AUD/USD, EUR/USD and GBP/USD drop like a stone after hawkish Fed cut.
AUD/USD drops like a stone
AUD/USD trades in fresh 13-month lows and so far dipped to $0.62. Below this level lies the October 2022 low at $0.6171.
Minor resistance is now made up of the October 2023 low at $0.6271.
EUR/USD drops to November low
EUR/USD slid towards its $1.0333 November low following the Federal Reserve (Fed) hawkish cut but so far manages to remain above that minor support level.
Minor resistance above the 26 November low at $1.0426 can be seen between the early to mid-December lows at $1.0454-to-$1.0461.
GBP/USD drops
GBP/USD has been rejected by the September-to-December resistance line and slid to a three-week low at $1.2562 after Fed's Chair Jerome Powell's hawkish comments. below this level lies the $1.2488 November trough.
Minor resistance sits between the $1.2608-to-$1.2617 early-to-mid-December lows.
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