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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.

AUD/USD pushes higher while EUR/USD and GBP/USD move sideways

There has been little movement in the euro and sterling, but AUD/USD continues to gain as risk appetite remains healthy.

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EUR/USD consolidates above $1.1350

EUR/USD continues to hold the $1.1350 area, as it has done for the previous two sessions.

This is also around the 200-day simple moving average (SMA), and if the pair continues to build a base a push back above $1.14 may be in the offing, targeting $1.1447. Below $1.135 the price heads towards $1.13 and $1.12.

EUR/USD chart Source: ProRealTime
EUR/USD chart Source: ProRealTime

GBP/USD trades in narrow range

While the price of GBP/USD has failed to breach $1.278, declines over the past two days have paused at $1.2665.

Short-term bounces have faltered at $1.27, so a break of this narrow range is needed to establish a new direction.

GBP/USD chart Source: ProRealTime
GBP/USD chart Source: ProRealTime

AUD/USD continues to climb

A steady rally goes on here, with the price of AUD/USD touching a three-week high. Volatility has been low, and small pullbacks remain the order of the day.

Gains in early June stalled at $0.702, although this also coincided with the 50-day SMA, and this has already been breached this time around. The positive view remains in place unless we see a move back below $0.692.

AUD/USD chart Source: ProRealTime
AUD/USD chart Source: ProRealTime

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