EUR/USD Current price: 1.3415
View Live Chart for the EUR/USD
The greenback keeps grinding higher against most rivals, broadly firmer across the board: the EUR/USD below the year low posted last week at 1.3420, accelerating south early US session, and with the hourly chart showing an increasing downward momentum, as price finally moves away from its 20 SMA while indicators head south in negative territory. In the 4 hours chart 20 SMA capped the upside earlier today, a few pips above 1.3440 and immediate resistance, while indicators hold directionless in negative territory. Further slides should be expected in case stops below 1.3410 get triggered, albeit movements will remain limited ahead of upcoming US data starting on Wednesday.
Support levels: 1.3410 1.3380 1.3335
Resistance levels: 1.3440 1.3475 1.3500
GBP/USD Current price: 1.6938
View Live Chart for the GBP/USD
The GBP/USD trades at a new month low having broken below 1.6950, June 26th daily low. The hourly chart shows a strong bearish momentum, with RSI entering negative territory and price well below moving averages, all of which supports a continued slide. In the 4 hours chart indicators stand below their midlines, but lack directional strength; nevertheless the downside is favored towards 1.6900/20 area, as long as mentioned level caps the upside.
Support levels: 1.6920 1.6870 1.6825
Resistance levels: 1.6950 1.7010 1.7055
USD/JPY Current price: 102.03
View Live Chart for the USD/JPY
The USD/JPY extended its advance up to 102.11, trading steady above the 102.00 to level but not too far away from it. The hourly chart shows price well above moving averages, with indicators in positive territory, supporting some upward continuation. In the 4 hours chart technical readings also present a mild positive tone, with the upside favored as long as buyers surge on approaches to 101.90/5 support area.
Support levels: 101.95 101.60 101.20
Resistance levels: 102.35 102.80 103.10
AUD/USD Current price: 0.9385
View Live Chart for the AUD/USD
Slightly lower, the AUD/USD approaches 0.9370 support but trades within range. The hourly chart shows indicators heading south below their midlines and price steady below its moving averages, while the 4 hours chart shows also an increasing bearish potential, all of which keeps the pressure to the downside. A break below mentioned support exposes 0.9330 strong static support, probable daily bottom in case of a stronger slide.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
Recommended Content
Editors’ Picks
GBP/USD trims a part of intraday losses, down a little below 1.3200 ahead of BoE
The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.
EUR/USD flat lines above 1.1100 after Fed's bumper rate cut
The EUR/USD pair trades flat during the early European session on Thursday. The major pair initially edges higher to monthly highs of 1.1189 after a large rate cut by the Federal Reserve at its September meeting and eases back to near 1.1120.
Gold defends $2,550 in the Fed’s aftermath, ahead of US data
Gold price is defending $2,550 early Thursday, catching a breath after intense volatility witnessed in the aftermath of the all-important US Federal Reserve monetary policy announcements and Fed Chairman Jerome Powell’s press conference.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.