EUR/USD Current price: 1.3109
View Live Chart for the EUR/USD_20130108022027.gif "eur")
Continuing off of the bounce of 1.3040 support, EURUSD has room to advance towards 1.3200. Supportive of the notion is the close above the yesterday’s 1.3089 session high. Any retracement is likely to see stiff support at 1.3050.
Support Levels 1.2943 1.2980 1.3047
Resistance Levels 1.3151 1.3188 1.3255
GBP/USD Current price: 1.6105
View Live Chart for the GBP/USD (Select the currency)_20130108022118.gif "gbpusd")
Firmly establishing support via the 1.6065 figure, GBPUSD advanced and close above the 1.6100 psychological figure. The setup opens the door for a move to 1.6200, en route to a 1.6300 round figure test. Any converse retracement will be met by formidable support via the 1.6065 figure.
Support Levels 1.5952 1.5986 1.6051
Resistance Levels 1.6150 1.6184 1.6249
USD/JPY Current price: 87.42
View Live Chart for the USD/JPY (select the currency)_20130108022149.gif "usdjpy")
Failing to close above 88.00 round figure resistance, USDJPY looks set for another leg lower amid fundamental drivers. As a result, a retracement to 86.75 support isn’t all too far from plausible. Upside momentum should be held at bay by 88.25.
Support Levels 86.70 87.16 87.46
Resistance Levels 88.21 88.67 88.97
AUD/USD Current price: 1.0490
View Live Chart for the AUD/USD (Select the currency)_20130108022223.gif "aud")
Stalling ahead of 1.0525 resistance, AUDUSD looks set to continue higher towards the resistance at 1.0560. The barrier is being reinforced by 1.0600 round figure resistance, which should act as a turning point for bulls. Near term downside remains minimized by the 1.0425 figure.
Support Levels 1.0421 1.0442 1.0473
Resistance Levels 1.0525 1.0546 1.0577
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