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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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​​AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed decision​​

​​​​AUD/USD, EUR/USD and GBP/USD advances stall ahead of Fed rate cut decision with odds favouring a 50 basis point rate cut by 65%.​​​

Dollar Source: Adobe images
Forex United States dollar EUR/USD GBP/USD AUD/USD Euro
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​AUD/USD pauses ascent

AUD/USD reached its 6 September $0.6767 high around which its advance is taking a breather. Further up lies the July peak at $0.6798. 

Minor support around the 22 August low at $0.6698 may act as potential support ahead of the 55-day simple moving average (SMA) at $0.6674 in case of a drop in the cross being witnessed.

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

​EUR/USD loses upside momentum

EUR/USD still has its 6 September high at $1.1155 in its sights with the 22 August low at $1.1098 acting as minor support. 

Further minor support comes in at Friday's $1.1071 low and also around the 3 September low at $1.1027. Above $1.1155 lies the August peak at $1.1201.

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

​GBP/USD advance stalls

GBP/USD recovery rally from the $1.3000 mark has come close to its recent highs at $1.3239-to-$1.3267 which cap for now. If overcome, the $1.3300 region would be in focus. 

Potential slips may find support around the 3 September low at $1.3088 ahead of this week's low at $1.3002.

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

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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