EUR/USD Current price: 1.3429
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The EUR/USD trades at its lowest level of the year, having accelerated south after the release of US Durable Goods Orders above expected. Having found sellers in the 1.3475 static resistance level, the pair is poised to continue falling, with the hourly chart showing a strong downward momentum and moving averages gaining bearish slope well above current price. In the 4 hours chart technical readings also present a clear bearish tone, supporting a test of the 1.3400/10 price zone in the short term. A break below the level, should trigger stops and therefore anticipate more losses for the day.
Support levels: 1.3410 1.3380 1.3335
Resistance levels: 1.3475 1.3500 1.3535
GBP/USD Current price: 1.6980
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Pound was immune to a good UK GDP number, as second quarter reading matched expectations of 0.8% growth. The GBP/USD however, extended its slide to 1.6960 and trades in a tight range below the 1.7000 mark. The hourly chart presents a neutral technical stance, as per indicators flat around their midlines and price stuck around an also flat 20 SMA, while the 4 hours chart shows a steady bearish tone coming from indicators. Immediate support stands at 1.6950, May 26th daily low and if broken, the slide can extend quickly towards the 1.6900/20 price zone.
Support levels: 1.6950 1.6920 1.6870
Resistance levels: 1.7020 1.7055 1.7095
USD/JPY Current price: 101.81
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The USD/JPY has been rejected from 101.92, 200 DMA and turns lower despite general dollar strength. The hourly chart however, suggest current movement is corrective, as 100 SMA cross over 200 one both in the 101.50 price zone, while indicators head lower but hold in positive ground. In the 4 hours chart technical readings maintain a positive tone as momentum heads higher above its midline, with buyers probably surging on approaches to 101.60 price zone.
Support levels: 101.60 101.20 101.05
Resistance levels: 101.95 102.35 102.80
AUD/USD Current price: 0.9415
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AUD/USD saw a kneejerk below the 0.9400 figure, but quickly bounced standing now a few pips below 0.9420 strong static resistance level. The hourly chart shows price aiming to advance above its 20 SMA while indicators stand around their midlines, directionless. In the 4 hours chart a mild bearish tone prevails, with indicators heading lower in negative territory and 20 SMA above current price.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
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