EUR/USD Current price: 1.3806
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The pair refuses to leave the 20 pips range where it trades since late Thursday with US opening, the first market to fully operate today. However the calendar will remain pretty much empty and little should be expected from majors, as US futures point for a quiet opening. The EUR/USD maintain a neutral technical bias, holding right above the 1.3800 figure and with a break either below the Fibonacci support of 1.3780 or above the static resistance of 1.3825 to set an intraday trend, albeit chances are of maintaining the mentioned range for today.
Support levels: 1.3780 1.3750 1.3720
Resistance levels: 1.3825 1.3860 1.3890
GBP/USD Current price: 1.6798
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The GBP/USD stands around 1.6800, having advanced early Europe up to 1.6818, maintaining the overall positive tone despite the lack of action seen across the board. Short term buyers still stand defending the 1.6770 price zone, and more down at 1.6745. A break above 1.6820 on the other hand, should see the pair advancing higher, looking for a test of 1.6870 November 2009 monthly high.
Support levels: 1.6770 1.6745 1.6710
Resistance levels: 1.6820 1.6870 1.6915
USD/JPY Current price: 102.62
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The USD/JPY spiked higher in Asian hours, after Japanese Trade Balance deficit widened further, putting yen in the bearish path against most rivals. The pair stands right at the 102.60 Fibonacci area albeit finding little support to extend gains either from technical readings or stocks. However, the outlook is positive now, with a probable approach to the 103.00 price zone as long as buyers surge on approaches to 102.30/40 price zone.
Support levels: 102.35 102.00 101.55
Resistance levels: 102.95 103.20 103.70
AUD/USD Current price: 0.9328
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Australian dollar trades slightly negative yet in range, having posted a lower low daily basis at 0.9315, but showing no directional bias in the hourly chart. Nevertheless as commented on previous updates, the pair remains in control of bears after reaching 0.9460 early April, with scope to extend down to 0.9260 strong midterm support.
Support levels: 0.9320 0.9290 0.9260
Resistance levels: 0.9355 0.9390 0.9445
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