EUR/USD Current price: 1.2880
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Market is not in the mood of following the greenback this Tuesday, with US 10Y yields down to 2.54%, and US futures also extending their decline. European indexes trade in deep red, as headlines from Syria attacks boosted risk aversion. Funny, dollar is trading along with stocks, as it has become quite usual lately, with gold and yen as the preferred safe havens of the day. The EUR/USD flirted with the 1.2900 level from where its currently pulling down: the hourly chart shows price finding short term support around its 100 SMA, while momentum and 20 SMA continue to head higher. In the 4 hours chart current candle opened above a flat 20 SMA, standing now a few pips above it, while indicators hold below their midlines. The upside remains limited by 1.2920 strong static resistance level, and will take some gains above it to confirm further upward extensions in the pair.
Support levels: 1.2865 1.2810 1.2770
Resistance levels: 1.2920 1.2950 1.2990
GBP/USD Current price: 1.6399
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The GBP/USD reached an intraday high of 1.6415, stalling at the 61.8% retracement of September slide, but maintaining most of its recent gains. The strong bounce from a daily low of 1.6302 suggests there’s room for further gains with the 1 hour chart showing price above a bullish 20 SMA and momentum presenting a mild positive tone. In the 4 hours chart price stands above its 20 SMA while indicators aim higher, albeit momentum holds below 100, showing a limited upward strength at the time being. Some follow through above mentioned resistance should lead to a continued advance, eyeing 1.6450/60 area as immediate target, ahead of recent highs at the 1.6530 price zone.
Support levels: 1.6345 1.6300 1.6275
Resistance levels: 1.6415 1.6460 1.6500
USD/JPY Current price: 108.65
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The USD/JPY slip down to 108.25 before recovering some, struggling now around former support of 100 SMA in the hourly chart around 108.60; indicators in the same time frame show indicators corrected some but remain in negative territory, while the 4 hours chart shows a mild bearish tone coming from technical readings. Further falls below 108.10 should lead to an extension of the short term negative tone, yet some advances above mentioned 100 SMA will likely see the pair back near 109.00 price zone.
Support levels: 108.10 107.70 107.35
Resistance levels: 108.65 109.00 109.45
AUD/USD Current price: 0.8826
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The AUD/USD found some support over Asian hours, on a better than expected Chinese PMI that anyway failed to signal a strong local recovery. The pair advanced up to 0.8920 but was unable to sustain gains above the key figure, trading down near its daily opening. The 1 hour chart shows price below its 20 SMA and indicators turning lower in positive territory approaching their midlines, while the 4 hours chart price stalled at a bearish 20 SMA while indicators maintain the negative tone below their midlines.
Support levels: 0.8860 0.8830 0.8800
Resistance levels: 0.8920 0.8950 0.8990
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