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Forex Market News

GBP/USD and AUD/USD Analysis

Pivot: 1.53

Most Likely Scenario: Short positions below 1.53 with targets @ 1.5185 & 1.5135 in extension.

Alternative scenario: Above 1.53 look for further upside with 1.535 & 1.545 as targets.

Comment: As long as the resistance at 1.53 is not surpassed, the risk of the break below 1.5185 remains high.

GBP/USD Chart

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AUD/USD News and Analyssis

Pivot: 0.7785

Most Likely Scenario: Long positions above 0.7785 with targets @ 0.7875 & 0.791 in extension.

Alternative scenario: Below 0.7785 look for further downside with 0.7745 & 0.771 as targets.

Comment: The pair has rebounded above its support and remains on the upside.

AUD/USD Chart

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