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EUR/GBP tumbles to critical support, AUD/USD through support while GBP/USD rallies
EUR/GBP drops like a stone towards its major £0.8503-to-£0.8493 support area from which it may recover once again as it has done since August 2023. Were a daily chart close below £0.8493 to be made, though, the July and August 2022 lows at £0.8409-04 would be targeted. Minor resistance sits at the £0.8521 mid-April low and above it at the £0.8531 late-April low. chart GBP/USD grinds higher: GBP/USD grinds higher in low volatility in two-month highs with the $1.2803 late-March high remaining in sight. Potential slips may find support around Friday's low at $1.2645. chart AUD/USD tries to bounce off ... (full story)