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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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​​​EUR/USD, GBP/USD and AUD/USD resume their ascents​​​

​​​EUR/USD, GBP/USD and AUD/USD resume their ascents​ ahead of Fed Chair Jerome Powell's 3pm speech at the Jackson Hole symposium on Friday.​

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

​​​EUR/USD stays bid

EUR/USD continues to trade around its December peak at $1.1139, having so far risen to $1.1174 before consolidating. Further up beckons the July 2023 peak at $1.1275.

Going forward, the $1.1047-40 area may offer potential support.

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

​GBP/USD pushes higher still

GBP/USD remains on track to reach its July 2023 peak at $1.3143.

The July high at $1.3045 may now act as support ahead of the $1.30 mark.

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

​AUD/USD resumes its ascent

AUD/USD's sharp rally off its $0.6349 low is still gunning for its July high at $0.6798.

Minor support remains to be seen between the May peak at $0.6714 and Thursday's low at $0.6698.

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. 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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