EUR/USD, GBP/USD and AUD/USD rallies are ongoing
EUR/USD, GBP/USD and AUD/USD rallies are ongoing as US President Trump announces a one-month exemption for US automakers from new tariffs on imports from Mexico and Canada.
EUR/USD rallies further
EUR/USD's rise above the 200-day simple moving average (SMA) at $1.0721, now potential support, has the November peak at $1.0936 ahead of the psychological $1.1000 region in view.
GBP/USD advances further
GBP/USD's advance above the 200-day SMA at $1.2785, now support, has the 23 October low at $1.2910 ahead of the $1.3000 region in its sights.
Further minor support can found at the $1.2729 mid-December high and the $1.2716 late February high.
AUD/USD advances further
AUD/USD's recovery off Tuesday's $0.6187 low has taken it to above the 6 January high at $0.6302, so far to $0.6356. Above it beckons the February high at $0.6408.
Minor support can be spotted around the $0.6330 January peak and the $0.6302 early January high.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market.
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
