EUR/USD Current price: 1.3365
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Holding around the daily low, the EUR/USD maintains its 50 pips range since early Asian opening. Dollar however, is higher across the board, with gold deep in red and US indexes struggling around their opening levels. The EUR/USD hourly chart shows indicators heading south around their midlines and price around a flat 20 SMA, reflecting the lack of direction of the pair. In the 4 hours chart however, the bearish tone is quite clearer according to technical readings: the pair has scope to extend its decline up to 1.3250 area, over the upcoming sessions.
Support levels: 1.3350 1.3300 1.3250
Resistance levels: 1.3390 1.3440 1.3485
GBP/USD Current price: 1.5674
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Pound extended its decline against the greenback, trading at daily lows at the time being and with a strong bearish momentum according to the hourly chart. The pair has managed last week to bounce higher from a long term ascendant trend line, coming from 2009 low at 1.3502, currently around 1.5625: the level may be a magnet for sellers at the time being, while a break below the area should anticipate a continued slide towards the 1.52 area over the next few days.
Support levels: 1.5660 1.5625 1.5580
Resistance levels: 1.5700 1.5730 1.5770
USD/JPY Current price: 93.26
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Back higher, the USD/JPY is still seen as a buying opportunity on deeps, no matter what. The pair has recovered over 100 pips this Monday, and the hourly chart shows 200 SMA was enough to trigger buying interest. Currently struggling around 100 SMA in the mentioned time frame, the pair seems set to consolidate around current levels. A break above 93.50 daily high however, should open doors for further gains, with 95.00 then at sight.
Support levels: 92.90 92.60 92.35
Resistance levels: 93.50 93.85 94.20
AUD/USD: Current price: 1.0270
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The AUD/USD tests again the key support around 1.0260, and remains close as dollar advances. The hourly chart, shows 20 SMA gaining bearish slope above current price while indicators head south below their midlines, pointing for further falls. In the 4 hours chart technical reading also favor the downside, as momentum accelerates lower while 20 SMA capped the upside on several attempts to regain ground.
Support levels: 1.0260 1.0220 1.0170
Resistance levels: 1.0300 1.0330 1.0370
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