World News – AU – EUR / USD, GBP / USD and AUD / USD regain ground after recent retracement


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This decline led us towards 76. 4% level with the pair gaining ground afterwards. The increase of 1 dollar. 2134 highlights the bullish image coming back into play, causing another uptrend. A break again below the $ 1. The 204 level would be required to get a more neutral or bearish short term view.

GBP / USD has seen significant volatility over the past week, with the price rebounding on Monday after initially falling sharply. However, this value falls below $ 1. 3288 highlights the potential that this current move is a retracement and precursor to another weakness.

With Boris Johnson heading to Brussels to save the Brexit talks, we are seeing a market likely to be headline-driven in the near future. While we anticipate an element of unpredictability, this pair appears to be at risk of further reversal unless price breaks the $ 1 value. 3540 resistance level.

AUD / USD is rising again after a deep retreat into 61. 8% to 76. 4% Fibonacci retracement zone.

The broader uptrend shows clear optimism for the couple who quickly got back into the game. With this in mind, it makes sense to expect another uptrend from here with a break of $ 0. The 745 resistance level is likely to be key if we are to move forward. A break under the $ 0. 7339 level is required to negate this view.

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World News – AU – EUR / USD, GBP / USD and AUD / USD are regaining ground after this recently Retracement
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>> EUR / USD, GBP / USD and AUD / USD regain ground after the last retracement
EUR / USD: One step on 1. 2200 is likely, while over 1. 2040 – UOB


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