AUD/USD: further room for gains – Varengold

FXStreet (Barcelona) - According to the Research Team at Varengold Bank, AUD/USD sees further room for upside gains.

Key Quotes

“For the past two weeks the AUD climbed immensely versus the USD along a bullish trend line and reached a four week high. Although the Demarker is already on a high level there is still more room for gains as a resistance line is not in the vicinity.”

“Support levels around 0.77666, 0.76822, 0.76249”

EUR/GBP keeps range circa 0.7140

The British pound continues to trade in a narrow range versus the shared currency heading in to the European opening bells; with EUR/GBP oscillating within a 10-pips band, as markets eagerly await UK Q1 GDP data for fresh cues on the cross.
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EUR/USD upside capped at 1.0908-1.0925 – FXStreet

With EUR/USD supported by the rising trendline on hourly charts, the pair might face stiff resistance at 1.0908-1.0925 levels, notes Omkar Godbole, FXStreet Editor and Analyst.
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