GBPUSD dropping lower
The pound loses more ground after hitting a fresh peak at the mid-1.35 region. A rejection at the top has seen the RSI drift towards neutral territory, as traders await further signals.
A confirmed break at 1.3500 could see another attempt at the previous swing low at 1.3450.
Failing that, 1.3560 is the first resistance should the dollar show any signs of a pullback.
AUDUSD hitting resistance
The Australian dollar is peaking at long-term resistance, just short of the 0.7200 level. A surge above this target could have put the Aussie back on track against its US counterpart after a firm double top.
As the RSI falls away from the overbought area, another rally could attract momentum buyers and propel the pair towards 0.7210.
A bearish breakout would dent optimism and lead to a test of 0.7115, then 0.7000.
GER 40 is sliding lower
GER 40 analysis shows The Dax struggles to find momentum as price action remains stuck in a bear channel. The break below 24400 suggests that bears maintain control of the direction.
The psychological tag of 24000 at the previous low is next, as a bearish continuation favours sentiment.
23600 is a critical support for the index.
Buyers will look to 24800 if sentiment shifts and prices bounce at 24000.
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