Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3055
View Live Chart for the EUR/USD_20130107022210.gif "s")
EURUSD found support via the 1.3021 figure on Friday, lending a bullish bias in the short term. However, with resistance just above 1.3140, the momentum is likely temporary. Further declines are contingent on a break of the 1.3021 figure.
Support levels: 1.3040 1.3000 1.2970
Resistance levels: 1.3090 1.3120 1.3145
GBP/USD Current price: 1.6068
View Live Chart for the GBP/USD (select the currency)_20130107022223.gif "s")
Testing 1.6000 round figure support, GBPUSD bounced back, closing above 1.6069 support. However, price action remains below 1.6138, keeping the bearish bias intact. Expect a retest of the formidable round figure.
Support levels: 1.6025 1.5985 1.5930
Resistance levels: 1.6085 1.6120 1.6170
USD/JPY Current price: 88.00
View Live Chart for the USD/JPY (select the currency)_20130107022239.gif "s")
USDJPY closed above 88.00 resistance, opening scope for an extension higher towards 89.00 handle resistance. Any retracement in the near term will likely target initial support at 87.15, before declining to 86.16 support.
Support levels: 88.00 87.60 87.30 8
Resistance levels: 88.40 88.70 89.00
AUD/USD: Current price: 1.0480
View Live Chart for the AUD/USD (select the currency)_20130107022447.gif "d")
AUDUSD remains atop support at 1.0450, keeping bullish momentum intact, albeit for the moment. Any upside momentum will see formidable resistance tests at the December 14th session high.
Support levels: 1.0470 1.0430 1.0400
Resistance levels: 1.0525 1.0550 1.0600
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