EUR/USD, GBP/USD regain lost ground while AUD/USD trades in five-month lows
EUR/USD, GBP/USD regain lost ground while AUD/USD trades in five-month lows ahead of US Non-Farm Payrolls on Friday.
EUR/USD hovers above support
EUR/USD is still targets its recent highs at $1.0597-to-$1.0610 and should continue to do so while Monday's low at $1.0461 underpins. Below it lies the November $1.0333 low.
GBP/USD gradually recovers
GBP/USD's recovery from its November six-month low at $1.2488 to $1.2750 has been followed by a drop to $1.2617 on Monday from where another attempt to the upside is underway.
Resistance above last week's $1.2750 high can be seen along the 200-day simple moving average (SMA) at $1.2819. Below $1.2617 sits the mid-November $1.2597 low.
AUD/USD trades in 5-month lows
AUD/USD continues to trade in five month lows and so far dipped to $0.6400. Were a slip through this level to be seen, the August low at $0.6349 would be in sight.
Minor resistance remains to be seen along the September-to-November downtrend line and the 29 November high at $0.6518-to$0.6528.
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.
