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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.

​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.

Forex Source: Adobe images

​​​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.

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

​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.

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

​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.

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

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