EUR/USD Current price: 1.2670
View Live Chart for the EUR/USDDollar is under mild pressure across the board, with the EUR/USD breaking its 30 pips range to the upside on news EU draft doc says 25 banks have shown a capital shortfall in the ECB stress tests. Slightly above expected, the pair lost 30 pips right after the news, but jumped quickly afterwards, as the news seem to have bring some relief over the economic situation in the EZ. Market players have been on hold for most of the day, as the results of the test are expected to be released on Sunday, and with FED meeting next Wednesday, cautious stance imposed. Technically, the lack of movement over the last few hours has left the short term picture for the most flat, as indicators present a quite neutral stance. In the 4 hours chart, a strong resistance area is clear around 1.2685, and it would take a price acceleration above to see the pair gaining further on the day.
Support levels: 1.2620 1.2580 1.2550
Resistance levels: 1.2685 1.2720 1.2750
GBP/USD Current price: 1.6056
View Live Chart for the GBP/USDPound saw some demand after the release of firm GDP readings for last quarter in the UK which sent GBP/USD up to 1.6071, so far the daily high. The 1 hour chart shows a mild positive tone, but a strong resistance level at mentioned high, the 38.2% retracement of the latest daily bullish run. In the 4 hours chart 20 SMA presents a strong bearish slope and stands also in the 1.6070 level, while indicators head higher still below their midlines: price needs then to advance beyond mentioned high to be able to extend its intraday gains up to the 1.6225 strong static resistance level.
Support levels: 1.60301.5995 1.5950
Resistance levels: 1.6070 1.6125 1.6160
USD/JPY Current price: 108.03
View Live Chart for the USD/JPYThe USD/JPY consolidates its latest gains around the 108.00 figure having found short term buying interest around 107.80 price zone. The 1 hour chart shows 100 SMA advanced further above 200 one, both well below current price, while indicators corrected overbought readings, now aiming back higher around their midlines but not confirming an upward continuation. In the 4 hours chart indicators hold in positive territory but lost the bullish strength and turn slowly south supporting some limited downward correction.
Support levels: 107.80 107.45 107.00
Resistance levels: 108.50 108.90 109.30
AUD/USD Current price: 0.8805
View Live Chart of the AUD/USDAustralian dollar accelerates higher against the greenback, nearing critical 0.8820 early US session, and with the short term picture showing a stronger upward momentum than in any other high yielder. Despite the short term strength however, the pair remains within range and as long as below mentioned level, chances to the upside remain limited. A break through it on the other hand, should lead to a firmer advance up to 0.8850/60 yet if the level holds, a quick retracement to 0.8770 is then likely.
Support levels: 0.8770 0.8730 0.8690
Resistance levels: 0.8820 0.8860 0.8900
Recommended Content
Editors’ Picks
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
EUR/USD mired near 1.0730 after choppy Thursday market session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.