EUR/USD Current price: 1.3200
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US Durable Goods Orders jumped to 22.6%, yet the ex-transportation number resulted quite negative down to -0.8%: that means that despite the now confirmed rumor of strong gains due to unusually large aircraft orders, the rest of the sectors had been pretty lousy. Dollar is generally down against most majors, exception made again by the EUR/USD that remains unable to pickup beyond the 1.3200 level. Technically, the pair maintains a neutral short term stance, as the hourly chart shows indicators flat around their midlines, and 20 SMA horizontal. In the 4 hours chart 20 SMA stands now around 1.3240 converging with the unfilled gap and offering dynamic resistance, with indicators also directionless in negative territory.
Support levels: 1.3185 1.3150 1.3120
Resistance levels: 1.3215 1.3250 1.3270
GBP/USD Current price: 1.6584
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The GBP/USD trades uneventfully bellow 1.6600, having been confined to a tight range for most of the last 24 hours. The hourly chart shows price moving back and forth around a flat 20 SMA as indicators rest horizontal around their midlines, giving no clues on upcoming direction. In the 4 hours chart the picture is quite alike, and only a steady recovery above 1.6600 can anticipate some advances, with a daily descendant trend line at 1.6660 as possible selling level if reached.
Support levels: 1.6540 1.6490 1.6465
Resistance levels: 1.6600 1.6630 1.6660
USD/JPY Current price: 103.99
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The USD/JPY eased towards 103.75 over Asian hours, having however found short term support in its 100 SMA, with the pair holding right above it for most of the day. The hourly chart shows indicators heading south below their midlines, yet as long as above 103.70, the downside seems limited. In the 4 hours chart indicators lost downward strength and turned flat above their midlines, supporting the shorter term view. Stocks strength seems to be the cause of the limited downward potential, and unless a reversal there, the pair will likely remain range bound.
Support levels: 103.70 103.20 102.85
Resistance levels: 104.10 104.45 104.80
AUD/USD Current price: 0.9326
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Aussie strengthened against the greenback early European session, helped by rising gold and rumors off a Chinese requirement ratio cut. Approaching 0.9330 the hourly chart presents a strong upward momentum early US session, with price accelerating well above its 20 SMA. In the 4 hours chart technical readings present a mild positive tone, with price now pressuring 200 EMA, usually a strong static resistance. A price acceleration above 0.9330 should trigger stops and therefore help the pair advance up to 0.9370 price zone.
Support levels: 0.9260 0.9220 0.9180
Resistance levels: 0.9330 0.9370 0.9410
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