EUR/USD Current price: 1.2685
View Live Chart for the EUR/USD
The EUR/USD trades a few pips above its weekly opening having been trading in a quite limited range so far today. With a daily high at 1.2713, the hourly chart presents a very limited positive tone, with price hovering around a bullish 20 SMA but indicators steady in neutral territory. In the 4 hours chart 20 SMA offered intraday support at 1.2665 while indicators lose upward potential above their midlines, showing the lack of interest, either side of the board in the pair at this point. With a hurdle of US data in less than an hour, levels to watch are 1.2650/60 to the downside and 1.2710 to the upside, as some follow through either side of such range is required to confirm some further directional strength.
Support levels: 1.2655 1.2620 1.2580
Resistance levels: 1.2710 1.2750 1.2790
GBP/USD Current price: 1.6115
View Live Chart for the GBP/USD
The GBP/USD advances slowly this Monday, approaching 1.6125 static resistance level, that already contained advances earlier on the day. The 1 hour chart shows 20 SMA containing the downside, flat around 1.6070, while indicators show little aims to move in neutral territory. In the 4 hours chart indicators gain bullish slope above their midlines, while price extends above its 20 SMA, supporting some further gains for the day: a break above the level should lead to an advance up to 1.6160, a daily descendant trend line coming from 1.7090.
Support levels: 1.6070 1.6030 1.5995
Resistance levels: 1.6125 1.6160 1.6200
USD/JPY Current price: 107.80
View Live Chart for the USD/JPY
The USD/JPY trades slightly lower alongside with stocks, with indexes in the US pointing for a strong slide and European ones accelerating south. Technically, the 1 hour chart shows indicators heading south below their midlines, while 100 SMA maintains a strong bullish slope in the 107.50/60 area, acting as immediate support. In the 4 hours chart indicators turned south but remain above their midlines, while price struggles with both 100 and 200 SMAs around current price, giving no much directional clues.
Support levels: 107.55 107.10 106.70
Resistance levels: 108.15 108.50 108.90
AUD/USD Current price: 0.8794
View Live Chart of the AUD/USD
The AUD/USD trades uneventfully between 0.8770 and 0.8820 as usual, having tested the upper band of the range several times since the day started, yet still unable to break trough. The 1 hour chart shows indicators turning lower but in neutral territory, while 20 SMA lost its bullish slope, now flat around 0.8800. In the 4 hours chart the picture remains neutral and if something, falling stocks won’t help the pair break through the critical resistance.
Support levels: 0.8770 0.8730 0.8690
Resistance levels: 0.8820 0.8860 0.8900
Recommended Content
Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.