The GBP/USD exchange rate made a bearish breakout below an important support level as the focus shifts to the upcoming UK jobs data.
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The resistance level at $0.6517 or support at $0.6500 may be pivotal today.
The US dollar pair stabilized against the lira, trading near new all-time highs.
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The price of the EUR/USD currency pair is still moving in its downward path, and an attempt to rebound upwards last week succeeded only by testing the resistance at 1.1065
The GBP/USD exchange rate has given up much of its previous rally heading into this past weekend as financial markets seemed to contemplate what surprisingly strong producer price inflation in July could mean for a measure of US inflation that the Fed monitors.
During last week's trading, the bulls succeeded in completing the sharp upward path of the USD/JPY currency pair.
The continued strength of the US dollar helped in the collapse of the gold price to the support level of 1911 dollars an ounce, its lowest in a month, and it will start trading this week, stable around its recent losses.
The USD/MXN has been able to demonstrate selling ability since touching a short-term high on Thursday of last week; the downside momentum may attract speculators.
In early trading this morning the USD/ZAR remains within sight of the 19.00000 ratio as higher values continue to be flirted with as risk adverse conditions remain steady.
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The GBP/USD exchange rate was little changed on Monday morning as traders positioned for a relatively busy week in the market.
The EUR/USD price retreated last week as concerns about European energy resumed.
The AUD/USD sell-off accelerated as it plunged to the lowest level since June 1st.
Yet wide bearish price channel continues to hold the price.
If the market breaks below the uptrend line depicted on the chart, focus might shift toward the 200-Day EMA
Over the past 24 hours, the euro has exhibited a slight upward movement, finding a cushion in a rebound from the 50-Day Exponential Moving Average.