AUD/USD
The
pair returned to the area above 0.7400 last week and today continues to move upward.
Technically
the ceiling for the upward correction of AUD/USD is 0.7500 and only if it gains
a foothold above 0.7460.
GBP/USD
Pound
is falling reluctantly, but sooner in the overall trend towards strengthening
the dollar. The
reaction on the news related to the upcoming elections and Brexit usually is
more intense. Whatever,
the voting will take place on Thursday this week. Until
then the pound will be in a narrow range with the upper line in the area of
1.2890/1.2900 and with local support in the area of last week's lows of 1.2769.
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