EUR/USD Current price: 1.3065

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Dollar trades softer against most of its rivals this Tuesday, with the EUR/USD extending gains to a fresh daily high of 1.3073 ahead of the US opening. Technically flat according to the hourly chart, where indicators stand horizontally in positive territory, the pair maintains a bullish tone as per holding well above 1.2960/70 static support level, and the higher high set today. In the 4 hours chart technical readings are showing signs of exhaustion to the upside, although price behavior diverges, suggesting the upside remains open towards key 1.3310 area, 38.2% retracement of the latest daily fall.


Support levels: 1.3040 1.3000 1.2960 


Resistance levels: 1.3080 1.3110 1.3150


GBP/USD Current price: 1.5310

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The GBP/USD found some buyers around 1.5240, recovering the 1.53 mark despite disappointing trade deficit that widened to 9.4B. The hourly chart shows a slightly bullish tone, as indicators aim higher in positive territory and price develops above 20 SMA, although latest range persists. In the 4 hours chart, bias is also bullish, with price finding support in its 20 SMA currently around 1.5270 and momentum heading north in positive territory. Recent high around 1.5360 however, is the level to overcome to confirm further strength in the UK currency.


Support levels: 1.5270 1.5240 1.5200 


Resistance levels: 1.5330 1.5360 1.5400


USD/JPY Current price: 98.90

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Retracing from a daily high of 99.65, the USD/JPY turned flat over current session, trading in a tight 10 pips range since European opening. The hourly chart shows indicators standing in neutral territory, while 100 and 200 SMA’s head north below current price, and the distance between both widens, supporting the dominant bullish tone. In bigger time frames, indicators look exhausted to the upside, although remain far from suggesting a bearish correction: only below 98.40, immediate support, the pair may attempt to fill the weekly opening gap left around 97.50, while a recovery back  above 99.10 will deny the possibility of a slide and open doors for a test of 100.00


Support levels: 98.40 98.00 97.50


Resistance levels: 99.10 99.60 100.00 


AUD/USD: Current price: 1.0490

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Aussie resurged against the greenback trading back near the 1.0500 level, where the pair has set already 2 daily highs over the past couple of weeks. The hourly chart shows indicators still heading strongly up despite in overbought territory, with increasing risk of a break higher. In the 4 hours chart technical readings also present a strong upward momentum supporting the shorter term view: steady gains above 1.0500 area, should lead to further advances today with 1.0550/70 then at sight.


Support levels: 1.0470 1.0440 1.0400


Resistance levels: 1.0500 1.0545 1.0570


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