Forex markets face volatility across major currency pairs

Major currency pairs are experiencing significant volatility and shifting technical trends. The GBP/USD pair shows a neutral intraday bias, with potential downside if support at 1.3203 fails, though medium-term bullishness remains intact as long as the 1.3008 level holds.

In the Eurozone, EUR/USD is testing a critical support zone near 1.1350 after a prolonged 15-month period of consolidation. Analysts are watching to see if this level will trigger a new bullish leg or lead to a significant downward move. Meanwhile, EUR/GBP is attempting a recovery near 0.8600, with traders looking for a sustained break above 0.86164 to confirm a turnaround.

The AUD/USD has resumed a downward trend after breaking below 0.7003, with technical targets set toward 0.6864. Market sentiment for several pairs remains influenced by central bank signals, including commentary from RBA Governor Bullock regarding potential interest rate adjustments.