EUR/USD Current price: 1.3813
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Hovering inside recent range, the EUR/USD shy advanced was contained by 1.3825 static resistance area, entering US session with a slightly positive tone according to the hourly chart that shows indicators heading north above their midlines and price above its 20 SMA. In the 4 hours chart however, technical readings maintain a neutral stance while a daily descendant trend line coming from past Friday’s high converges with the mentioned static resistance. Dollar weakness may keep the pair supported, albeit only a price acceleration above mentioned 1.3825 resistance would favor an upward continuation today.
Support levels: 1.3780 1.3750 1.3720
Resistance levels: 1.3825 1.3860 1.3890
GBP/USD Current price: 1.6821
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Despite the limited moves, the GBP/USD managed to extend its gains up to 1.6839, flirting with the year high a couple pips above. The hourly chart shows an overall positive tone coming from technical readings, albeit with not enough upward strength at the time being, while the 4 hours chart presents a pretty similar picture, with indicators turning flat in positive territory. A break higher remains favored eyeing 1.6870 in the short term, and 1.7000 for the upcoming sessions.
Support levels: 1.6770 1.6745 1.6710
Resistance levels: 1.6820 1.6870 1.6915
USD/JPY Current price: 102.54
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Unchanged since last updates, the USD/JPY seems unable to advance beyond key 102.60 price zone, albeit the pressure over the level remains. The hourly chart shows price found intraday support around a bullish 100 SMA, while indicators diverge lower, presenting a slightly bearish tone below their midlines. In the 4 hour chart indicators also turned south yet hold around their midlines, showing not enough selling interest at the time being.
Support levels: 102.35 102.00 101.55
Resistance levels: 102.95 103.20 103.70
AUD/USD Current price: 0.9364
View Live Chart for the AUD/USD
Aussie recovered ground against the greenback, with the pair founding buyers around key 0.9320 static support zone. The hourly chart presents a mild positive tone, with price above its moving averages and indicators in positive territory, while the 4 hours chart also presents a mild positive tone with scope to test 0.9400 price zone if stocks maintain the upward momentum.
Support levels: 0.9320 0.9290 0.9260
Resistance levels: 0.9390 0.9435 0.9460
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