EUR/USD Current price: 1.3347

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The EUR/USD outperforms today, with the common currency being the only major trading in positive territory against the greenback, along of course with its pegged CHF. Much better weekly unemployment claims in the US are giving the greenback a strong upside momentum ahead of the US opening, as the reading came out at 330K, lowest level since early 2008. Gold nose dived after the reading, while the EUR/USD holds steady near the daily high of 1.3357. The pair seems ready to break above the daily descendant trend line coming from 1.3400 area as price pushes higher regardless dollar current momentum across the board. A fresh daily high should point to a retest of 1.3400/10. Dips towards 1.3250/60 however, are likely if the pair losses the 1.3310 mark today.

Support levels: 1.3320 1.3290 1.3250 

Resistance levels: 1.3345 1.3370 1.3400

GBP/USD Current price: 1.5776

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The GBP/USD trades at fresh 5-month low, having broke through 1.5800 after pressuring the area for most of this week. Market players are speculating over the possibility the UK decided to leave the EU, and that’s one of the main factors weighting in the pair right now. Daily low so far is located at 1.5758, and the hourly chart shows an increasing bearish momentum, that supports a bearish continuation toward 1.5730 price zone. 4 hours chat shows price remained limited to the upside by 20 SMA around 1.5850, and recoveries up to the level, despite unlikely now, will provide with short term selling opportunities.

Support levels: 1.5760 1.5730 1.500

Resistance levels:  1.5820 1.5850 1.5885

USD/JPY Current price: 89.82

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Trading back above 89.00 and moreover, nearing 90.00 the USD/JPY quickly resumed its bullish trend after more jawboning from Japanese authorities during past Asian session, pointing for a desirable 100.00 level. The hourly chart shows price accelerating higher back above 100 and 200 SMA’s, while indicators head north in overbought territory. Bigger time frames, show downside corrections are over, as indicators also regain the upside supporting a break above 90.00 and further gains up to 92.50 for upcoming weeks.

Support levels: 89.60 89.20 88.80

Resistance levels: 90.05 90.45 90.70

AUD/USD: Current price: 1.0466

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Aussie finally gave up against the greenback, falling to a daily low 1.0459 after breaking the floor of its recent range around 1.0490, now immediate resistance level. The hourly chart shows a strong bearish momentum still developing, with indicators heading south in oversold levels, although price has managed to bounce back some. In the 4 hours chart technical readings are also strongly bearish, suggesting that as long as 1.0490 caps the upside, there’s scope for further slides up to 1.0400/30 price zone.

Support levels: 1.0460 1.0430 1.0400

Resistance levels: 1.0490 1.0520 1.0550


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