EUR/USD Current price: 1.3082
The EUR/USD flirted with 1.3100 this Tuesday although retraced some ground ahead of key resistance around 1.3115, 38.2% retracement of its latest daily fall. Should the pair break above the level, gains may extend towards 1.3150 next strong static resistance level, and even up to 1.3200 today. However in the long run, current bullish movement remains corrective and with latest short covering and position squaring, the pair may resume the downside pretty sun. As for the short term, bias is still positive with price above 20 SMA and indicators in positive territory, yet steady gains above 1.3115 are now required to confirm more gains. A short term ascendant trend line stands around 1.3040, acting as immediate and strong support ahead of the 1.2960 level.
Support levels: 1.3040 1.3000 1.2960
Resistance levels: 1.3080 1.3110 1.3150
EUR/JPY Current price: 129.70
As its come to usual, yen weakened against its major rivals with the EUR/JPY reaching 130.08. Technical readings maintain the bullish tone seen on previous updates, both in the short and the long term, and while the EUR may weaken, JPY will hardly see a reason to appreciate. Short term supported by 129.60 area, downside corrections may see the pair testing 128.40, although steady gains above 130.00 should signal fresh yearly high close to 131.00 for today.
Support levels: 129.60 129.00 128.40
Resistance levels: 130.00 130.80 131.40
GBP/USD Current price: 1.5315
GBP/USD hovered around 1.5300 for most of the past session yet gains remained limited below Monday high of 1.5350. The pair however, managed to regain most of the ground lost early week, and maintains the positive tone early Asia, as per technical readings holding in positive territory both in 1 and 4 hours chart, and price consolidating above mentioned 1.5300 mark. Risk to the downside remains around 1.5220/30 area, 200 EMA in the 4 hours chart, while break above mentioned weekly high of 1.5350 should see the pair extending gains up to 1.5410 today.
Support levels: 1.5270 1.5240 1.5200
Resistance levels: 1.5330 1.5350 1.5410
USD/JPY Current price: 99.20
Little corrections in USD/JPY after reaching 99.65 past Asian session, sees the pair trading steady above the 99.00 mark. The overall trend remains bullish besides technical readings that anyway favor such continuation, at least in the short term. Risk of a bearish correction seems far, with a break below 98.40 needed to some bearish movement in the pair up to 97.50 support.
Support levels: 99.10 99.80 98.40
Resistance levels: 99.60 100.00 100.45
AUD/USD: Current price: 1.0484
The AUD/USD pressures the top of its recent range, reaching 1.0508 over the last few hours and maintaining the positive tone as Asian session starts: the hourly chart shows a strongly bullish 20 SMA around 1.0460, while momentum heads north in positive territory, which suggest more gains ahead. In the 4 hours chart technical readings present a strong upward momentum, which increases possibilities of a break higher towards 1.0550.
Support levels: 1.0470 1.0440 1.0400
Resistance levels: 1.0500 1.0545 1.0570