EUR/USD Current price: 1.3128View Live Chart for the EUR/USD
The EUR/USD closed the day mostly unchanged in a quite choppy Tuesday, limited to the upside despite the markets positive mood: stocks soared in Europe and the US, while oil tested $ 105 a barrel despite pulling back at the close almost 1 buck. Risk appetite was barely enough to limit the downside in EUR/USD, which hourly chart shows indicators flat around their midlines, lacking strength either side of the board. With a daily high set at 1.3170 and the 4 hours chart showing a limited bullish tone, stronger gains are favored only once above mentioned area, that converges with the 200 EMA.
Support levels: 1.3110 1.3070 1.3030
Resistance levels: 1.3145 1.31700 1.3210
GBP/USD Current price: 1.5933View Live Chart for the GBP/USD (Select the currency)
The GBP/USD soared on higher than expected UK CPI early Europe, holding above the 1.5900 mark most of the day. The hourly chart shows 20 SMA holding a strong bullish slope an acting as short term support, now around 1.5920, while indicators lost momentum although hold in positive territory. In the 4 hours chart price develops above 20 SMA and 200 EMA, yet indicators are also flat around their midlines, lacking direction. The 1.6000 area has prove to be quite strong this year, keeping the upside limited, with a yearly high set at 1.6061, tops in case of a strong break of 1.5970 Tuesday high.
Support levels: 1.5920 1.5880 1.5840
Resistance levels: 1.5970 1.6015 1.6060
USD/JPY Current price: 80.95View Live Chart for the USD/JPY (select the currency)
The USD/JPY recovered on strong stocks, entering Asian session right below the 81.00/10 immediate Fibonacci resistance zone. Hourly chart shows price pushing higher despite momentum looks slightly exhausted to the downside, while 20 SMA holds a strong bullish slope below current price. In the 4 hours chart the pair also presents a slightly bullish tone with current candle above 20 SMA and RSI just above 50. The USD/JPY needs to clearly break mentioned Fibonacci resistance, to be able to continue its bullish advance.
Support levels: 80.80 80.50 80.25
Resistance levels: 81.10 81.35 81.75
AUD/USD Current price: 1.0401View Live Chart for the AUD/USD (Select the currency)
Aussie recovered all of past session losses against the greenback, and even posted some intraday gains, reaching 1.0420 area before stalling. Trading back above the 23.6% retracement of the latest daily fall, and despite a rate cut is on the table for next month, the pair is short term bullish as indicators in the hourly chart head north above their midlines. In bigger time frames a more limited bullish tone is also present, suggesting a break above 1.0420, as long as 1.0370 holds the downside, will trigger more gains today.
Support levels: 1.0370 1.0345 1.0320
Resistance levels: 1.0420 1.0460 1.0500
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