EUR/USD Current price: 1.3415
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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
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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
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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
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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
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