EUR/USD Current price: 1.2855
View Live Chart for the EUR/USDThe EUR/USD is back towards its recent lows, having set a daily one of 1.2846, and trading a few pips above it early US opening. The hourly chart shows price retraced strongly from 100 SMA with 20 SMA now gaining bearish slope well above current price and indicators heading lower below their midlines, anticipating further falls. In the 4 hours chart technical readings are biased lower in negative territory, supporting the shorter term view, with a downward acceleration below 1.2850 anticipating further short term declines towards the 1.2800 price zone.
Support levels: 1.2850 1.2810 1.2770
Resistance levels: 1.2880 1.2920 1.2950
GBP/USD Current price: 1.6352
View Live Chart for the GBP/USDPound has shed near 200 pips from its daily high of 1.6523 against the greenback, having erased all of the speculative gains of these last couple days. Despite the NO finally won in Scotland, profit taking along with dollar strength had weighted more: the short term technical picture shows price struggling around the 50% retracement of this month fall around 1.6345, with indicators well into negative territory and 20 SMA turning south a few pips above the 61.8% retracement of the same rally around 1.6410, offering intraday resistance in case of a recovery. The downside however is favored, with a price acceleration below mentioned Fibonacci support probably extending down to 1.6250 price zone.
Support levels: 1.6345 1.6310 1.6250
Resistance levels: 1.6410 1.6470 1.6540
USD/JPY Current price: 108.73
View Live Chart for the USD/JPYTrading around its daily opening, the USD/JPY managed to post a higher high for the year at 109.45 with current decline looking just as profit taking. The 1 hour chart shows indicators turning higher around their midlines, with 100 and 200 SMAs still heading higher well below current price. In the 4 hours chart indicators corrected extreme overbought readings and head back north at the time being, supporting the shorter term view.
Support levels: 108.55 108.10 107.70
Resistance levels: 109.10 109.45 109.75
AUD/USD Current price: 0.8972
View Live Chart of the AUD/USDThe AUD/USD consolidates in a tight range this Friday, holding above 0.8920 but unable to regain the 0.9000 figure, and with a quite neutral short term tone according to the 1 hour chart, as per price hovering around a flat 20 SMA and indicators attached to their midlines. In the 4 hours chart 20 SMA maintains its bearish slope above current price, with indicators standing directionless in negative territory, showing no strength at the time being. A break through 0.8920 may see the pair extending its decline down to 0.8880 short term, with a daily close below this last anticipating a steady decline for next week.
Support levels: 0.8920 0.8880 0.8830
Resistance levels: 0.8990 0.8940 0.8985
Recommended Content
Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.