EUR/USD, GBP/USD fall to multi-month lows with AUD/USD also being under pressure
EUR/USD, GBP/USD drop to multi-month lows with AUD/USD also being under pressure as the greenback strongly appreciates.
EUR/USD drops sharply
EUR/USD drops to seven-month lows on US dollar strength with the April trough at $1.0601 being eyed. Further down lies the November 2023 low at $1.0517.
Minor resistance can be spotted at last week's $1.0683 low.
GBP/USD falls
GBP/USD has fallen to the 200-day simple moving average (SMA) at $1.2817, to levels last traded in August with the January-to-February highs at $1.2786-to-$1.2772 representing possible downside targets.
Minor resistance above last week's $1.2835-to-$1.2844 can be found at the 23 October low at $1.2908.
AUD/USD tumbles
AUD/USD formed an interim top at $0.6688 on Thursday before slipping towards last week's low at $0.6513. While it underpins, a longer-term bullish forecast remains in play but failure at this level may push the August low at $0.6349 to the fore.
Resistance can be seen along the 200-day SMA at $0.6628.
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