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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70% 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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​​​EUR/USD, GBP/USD and AUD/USD drop on US dollar safe haven flows​​​

​​​EUR/USD, GBP/USD and AUD/USD slip as the US dollar appreciates due to flight to safety inflows amid escalation in the Middle East.​​

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

​​​EUR/USD drops

EUR/USD comes off its $1.1201-to-$1.1214 August and September highs on flight-to-quality flows into the US dollar due to heightened tensions in the Middle East.

Minor resistance can now be seen at the 23 September low at $1.1084. Minor support below Monday's $1.1046 low is found along the 55-day simple moving average (SMA) at $1.1025 and at the $1.1002 September trough.

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

​GBP/USD comes off its high

GBP/USD tumbled from its $1.3434 September 2022 low to $1.3267 August high which acts as support. Further down lie the 23 September low and 6 September high at $1.3249-to-$1.3239. 

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

​AUD/USD only sees minor dip

AUD/USD has come close to the January 2022 low at $0.6968 by rising to $0.6942 in September before dipping in early October. The cross will remain within a short-term uptrend while the 26 September low at $0.6819 underpins.

AUD/USD chart Source: TradingView.com
AUD/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. 70% 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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