EUR/USD Current price: 1.3451
Dollar lost the battle this Tuesday, as US indexes posted fresh post crisis highs: DJIA closed a couple points below 14000 while S&P closed at its highest since February 2008. Gold flirted with the $1639/oz area before bouncing back, also weighed on the greenback, while Draghi words in the Spanish Congress gave the common currency the final lift: far from concerned over euro value, and positive about the progress made in the country, helped EUR/USD reach 1.3472. Early Asian session, the pair consolidates its recent gains, with a shy bullish tone according to the hourly chart, where indicators stand in positive territory and 20 SMA gains bullish slope below current price, offering support now around 1.3420. Still, price needs to overcome static resistance around 1.3485 to resume the upside.
Support levels: 1.3420 1.3270 1.3230
Resistance levels: 1.3485 1.3510 1.3545
EUR/JPY Current price: 125.73View Live Chart for the USD/JPY (select the currency)
Yen gained ground against most rivals, as G7 officials took the spotlight, signaling their concerns about excess moves in Japanese currency. The EUR/JPY lost almost 200 pips from its daily high at 126.93, yet managed to recover to current levels. The hourly chart shows price above 200 SMA while this last stands above 100 one, while indicators turned lower in negative territory. The situation seems fragile for the common currency, as once below 125.45 immediate support, the downside will be favored with recent lows around 123.30 now at sight.
Support levels: 125.45 125.00 124.40
Resistance levels: 126.10 126.60 127.10
GBP/USD Current price: 1.5669
GBP/USD took advantage from market optimism, as the pair managed to recover from 1.5571, a 6 month low. Back above the daily ascendant trend line, the hourly chart shows a timid upward momentum, with price still unable to clearly overcome 1.5680 static resistance level. However, the daily chart shows a clear reversal candle, that suggest the pair may have found and interim bottom: recovery may extend more if above 1.5710, with 1.5770 at sight for today.
Support levels: 1.5630 1.5600 1.5570
Resistance levels: 1.5680 1.5710 1.5750
USD/JPY Current price: 93.48
Yen advance against the greenback, halted as expected in the 93.00 area, where an ascendant trend line along with the 200 SMA offered intraday support. With price also above 100 SMA in the mentioned time frame, the downside continues to be limited, although there are not much support for buyers according to technical readings: indicators head south below their midlines, gaining bearish momentum. Break below 93.00 will expose the 92.40 lows recently accomplished, while below this last, the pair may attempt to extend its slide with 91.80 then in mind.
Support levels: 93.00 92.70 92.40
Resistance levels: 93.80 94.10 94.45
AUD/USD: Current price: 1.0312
Aussie recovered ground also, after testing 1.0220 area against the greenback, trading 100 pips higher early Asia. As comment on previous updates, key resistance remains around 1.0330/40 and steady gains above the level, should deny the downside for the upcoming sessions. The hourly chart favors the upside, as indicators head north in positive territory while price stands above 20 SMA. In the 4 hours chart however, indicators retrace from their midlines, so renewed selling interest below 1.0270, will likely favor more slides and see the pair retesting mentioned 1.0220 low.
Support levels: 1.0270 1.0220 1.0170
Resistance levels: 1.0335 1.0370 1.0410