AUD/USD, EUR/USD and GBP/USD sell off ahead of FOMC
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AUD/USD's swift decline has bearish connotations with the February low at $0.6443 representing the first downside target. Resistance is seen between the 200-day simple moving average (SMA) at $0.6521 and the 55-day SMA at $0.6530. Source: Tradingview
Source: Tradingview
EUR/USD is slipping once more and is seen heading towards its April $1.0601 low. This bearish view will remain intact while no bullish reversal takes the cross above last week's high at $1.0753. Source: Tradingview
Source: Tradingview
GBP/USD is in the process of keeling over. A fall through the Friday's low at $1.2449 would probably engage the mid-April low at $1.2406. This toppish view will remain in play while no bullish reversal takes the currency pair above Monday's high at $1.2570. Source: Tradingview
Source: Tradingview
AUD/USD topped out
EUR/USD resumes its descent
GBP/USD keels over