EUR/USD Current price: 1.3608
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The EUR/USD gave up all the ground added after FOMC, with dollar and yen strongly up on risk aversion: having warned on market complacency just yesterday, stocks entered a selling spiral that points for a strong and continued slide for today. As for the EUR/USD technical picture, the hourly chart shows price holding right above 1.3600 figure, while indicators lost some of the downward potential but remains well into negative territory. In the 4 hours chart indicators present a strong bearish tone, yet hover above their midlines, not yet signaling a continued slide. The base of the range at 1.3570/80 continues to be the level to break to confirm a continued slide in the pair.
Support levels: 1.3570 1.3530 13500
Resistance levels: 1.3645 1.3675 1.3700
GBP/USD Current price: 1.7119
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The GBP/USD eased some on the back of worse than expected UK trade balance readings, but holds pretty well above 1.7100 despite dollar intraday strength. The hourly chart shows indicators exhausted to the downside near oversold levels and turning back north, while 20 SMA stands flat above current price. In the 4 hours chart the technical picture is mild bearish, with risk to the downside limited by 1.7060, 23.6% retracement of the latest bullish run
Support levels: 1.7095 1.7060 1.7020
Resistance levels: 1.7150 1.7180 1.7220
USD/JPY Current price: 101.14
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Yen leads the way this Thursday, with the USD/JPY flirting with the 101.00 level and trading at fresh 2-month lows. The hourly chart shows a strong bearish momentum, with 100 and 200 SMAs converging now in the 101.70 price zone. In the 4 hours chart technical readings also maintain a strong bearish tone, supporting a retest of this year low around 100.70. Immediate resistance stands now at 101.20/30 former daily lows.
Support levels: 101.00 100.70 100.25
Resistance levels: 101.30 101.70 101.95
AUD/USD Current price: 0.9369
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AUD/USD holds around critical 0.9370, supported by gold momentum, trading at $1342/oz, levels not seen since past March. The AUD/USD surged near 0.9460 but worse than expected local employment readings put the pair under pressure early Asia. Nevertheless, the hourly chart presents a mild bearish tone, with price below moving averages and indicators in negative territory, showing no actual momentum at the time being. In the 4 hours chart technical readings present a strong bearish tone, albeit price struggles to break its 200 EMA around current levels. Critical support stands at 0.9330 as buyers had defended it for these last weeks. A break below it exposes the pair to a slide down to 0.9260 strong static support zone.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
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