The British pound has seen a strong bullish reversal against the US dollar, following the release of positive Brexit news on Tuesday.
Earlier today, Australian dollar rises to 0.6778 after the RBA released its monetary policy minutes.
The GBPUSD pair once again struggled to make it through the 1.2130 resistance. Will the uptrend continue?
EURUSD analysis - Pair remains under pressure below 1.1100
The British pound has started to give back recent gains against the US dollar following a strong technical rejection from the 1.2150 level.
The euro currency has fallen back towards the 1.1100 level against the US dollar after crashing below the 1.1130 support level on Thursday.
USDCAD aptly portrays the recent declines of the US Dollar (USD) and recovery in oil prices as it dips to 1.3300 before Thursday’s European session begins.
Australian dollar rises sharply in the Australian trading session as the AUDUSD pair reached a high of 0.6787.
The euro is back under severe technical pressure against the greenback after breaking through the key 1.1160 support level on Wednesday.