AUD/USD, EUR/USD and GBP/USD rally as 50bps Fed rate cut back on the table
AUD/USD remains bid
AUD/USD targets last Friday's $0.6767 high with the 22 August low at $0.6698 acting as potential support ahead of the 55-day simple moving average (SMA) at $0.6671.
Source: TradingView.com Source: TradingView.comEUR/USD is heading back up again
EUR/USD rises further and targets the 22 August low at $1.1098. Minor support is seen around the 3 September low at $1.1027.
Only a currently unexpected fall through $1.1000 would likely engage the 21 March high at $1.0942. For now we stick to our neutral medium-term forecast with a bullish bias.
Source: TradingView.com Source: TradingView.comGBP/USD advances further still
GBP/USD recovery from the $1.3000 mark is taking the cross back towards its recent highs at $1.3239-to-$1.3267.
Potential slips may find support around the 3 September low at $1.3088 ahead of this week's low at $1.3002.
Source: TradingView.com Source: TradingView.com