EUR/USD Current price: 1.3491
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Starting with GBP/USD accelerating to fresh weekly lows out of the bloom, dollar gathered momentum across the board, with USD/CHF above 0.9000 and the EUR/USD at levels not seen since last February, a handful of pips away from critical 1.3476 year low. The EUR/USD finally moved away from the 30 pips range that contained price for most of the week, with the hourly chart showing an increased bearish potential as per price accelerating below its 20 SMA and the 4 hours chart showing indicators resuming the downside after repeated failure around 1.3535 static resistance. Immediate support comes at 1.3476, this year low, and a large amount of stops should stand below so if trigger, the slide may quickly extend.
Support levels: 1.3476 1.3440 1.3410
Resistance levels: 1.3535 1.3570 1.3620
GBP/USD Current price: 1.7045
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Pound being Pound lost nearly 60 pips against the greenback with no trigger behind the move, advancing dollar momentum across the board. The pair sunk to 1.7035 so far, fresh weekly low, and maintains a strong bearish tone according to the hourly chart that shows indicators almost vertical getting into oversold territory, as 20 SMA gains bearish slope. In the 4 hours chart the technical picture is also quite bearish, with 200 EMA standing in the 1.7020 price zone now immediate support: a break below it should lead to a continued slide albeit some buyers are expected to surge in the area.
Support levels: 1.7020 1.6985 1.6950
Resistance levels: 1.7060 1.7095 1.7120
USD/JPY Current price: 101.39
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The USD/JPY posts some shy advance amid dollar strength, coming back from a daily low of 101.16 achieved over Asian hours. The hourly chart shows a mild positive tone with indicators aiming higher above their midlines, but moving averages offering strong dynamic resistance in the 101.50/60 price zone. In the 4 hours chart however, the bearish tone prevails with price well below moving averages and indicators heading south in negative territory. The upside remains limited as long as mentioned resistance area caps the upside, with scope for a recovery up to 101.80/95 if taken.
Support levels: 101.20 100.70 100.35
Resistance levels: 101.55 101.95 102.35
AUD/USD Current price: 0.9371
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The AUD/USD advanced up to 0.9410 late European session, only to quickly pull back down to current 0.9370 area. The 1 hour chart shows a strong selling interest aligned around mentioned top, as the reversal was quite impressive in the short term. Nevertheless, the movement is yet to break below current level to be able to extend down towards 0.9330 critical support. Only below this last the bearish momentum will be more sustainable in time eyeing then a probable test of 0.9260 price zone.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
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