Ella 
In the realm of currency markets, the EUR/USD, GBP/USD, and AUD/USD pairs find themselves at critical junctures, with movements suggesting potential shifts in market sentiment.
EUR/USD: Under Pressure
The EUR/USD pair faced downward pressure, sliding to the $1.07 mark on Thursday. This move brings into focus the $1.0694 level, marking the February low and serving as a significant support zone. A breach of this level, especially on a daily chart closing basis, could signal a longer-term bearish trend.
On the upside, minor resistance is observed at Friday’s low of $1.0791.
GBP/USD: Testing Key Support
Meanwhile, the GBP/USD pair continues to test the crucial support zone between $1.252 and $1.25. A break below this level could carry bearish implications for the pair’s trajectory.
Minor resistance is noted near the 200-day simple moving average (SMA) at $1.2582.
AUD/USD: Holding Above Support
In contrast, the AUD/USD pair managed to hold above support, finding stability above Wednesday’s low of $0.6499. Below this lies a support zone spanning from $0.6481 to $0.6478.
Resistance is currently encountered between the 55- to 200-day SMAs at $0.6541 to $0.6544. Further upside potential is capped by the late-March high of $0.6559.
In summary, these currency pairs are navigating critical levels of support and resistance, with potential implications for future price movements. Traders and investors are closely monitoring these key levels for signs of trend continuation or reversal, which could shape trading strategies in the days ahead.
