This week, we are focusing on a few key pairs in the forex market. Let’s take a look at the charts for September 01.
EUR/USD: The Euro continues to weaken against the US Dollar, with the pair trading below the 1.1800 level. The next key support level to watch is at 1.1700.
GBP/USD: The British Pound is struggling to break above the 1.3200 level against the US Dollar. Traders will be watching for a potential breakout in either direction.
USD/JPY: The US Dollar is holding steady against the Japanese Yen, with the pair trading around the 105.00 level. Key resistance is seen at 106.00.
AUD/USD: The Australian Dollar is facing resistance at the 0.7400 level against the US Dollar. Traders will be watching for a potential breakout above this level.
Overall, these pairs are showing interesting price action and traders should keep a close eye on them throughout the week.