AUD/USD Rallies to 7-Month High
On Wednesday, the AUD/USD pair briefly surged past the key resistance zone between $0.6694 and $0.6714, reaching a seven-month high of $0.6733. This level remains within reach, and surpassing it could propel the pair towards the late December low of $0.6781.
Immediate support for the pair can be identified between $0.6704 and $0.6698.
EUR/GBP Advance Pauses
The EUR/GBP pair faced rejection at the crucial resistance zone between £0.8484 and £0.8503. A breakthrough above this zone would target the 55-day simple moving average (SMA) at £0.8517.
Potential declines may find support along the support line at £0.8446, ahead of the recent lows at £0.8431-30.
GBP/USD Rises Again
The GBP/USD pair found support slightly above last week’s low of $1.2613 before rallying to a high of $1.2777 on Wednesday. Above this level, the May high of $1.2801 is in sight.
Minor support below the June 19 high of $1.274 lies at the July 1 high of $1.271.
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