EUR/USD Current price: 1.2484
View Live Chart for the EUR/USD
The EUR/USD pair regained the ground lost earlier on the day ahead of US opening approaching again the 1.2500 level, after posting a daily low of 1.2428 at the beginning of the European session. The main market driver continues to be oil, bouncing from multi-year lows and favoring local benchmarks, recovering ahead of the close after posting strong intraday losses. Technically, the EUR/USD hourly chart shows a mild positive tone, with price above its 20 SMA and indicators aiming higher above their midlines, albeit price retraces after failing to regain the 1.2500 mark. In the 4 hours chart indicators diverge from each other with momentum heading lower and RSI higher reflecting latest advance, and price moving back and forth around a flat 20 SMA, showing no actual directional strength. The 1.2400/1.2500 should attract buyers/sellers with a strong break of either setting a more directional tone.
Support levels: 1.2440 1.2400 1.2360
Resistance levels: 1.2520 1.2555 1.2600
GBP/USD Current price: 1.5695
View Live Chart for the GBP/USD
The Pound suffered against the greenback, losing its latest gains and struggling now around the 1.6700 figure. The short term picture maintains a bearish 20, with 20 SMA capping the upside and indicators heading lower below their midlines, while the 4 hours chart shows price also unable to advance beyond its 20 SMA, now flat around 1.5730, while indicators are crossing their midlines to the downside, supporting further declines on a break below 1.5660.
Support levels: 1.5660 1.5620 1.5590
Resistance levels: 1.5730 1.5770 1.5825
USD/JPY Current price: 118.40
View Live Chart for the USD/JPY
USD/JPY buyers reappeared on Friday, as the pair trades at a fresh 3-day high ahead of US opening, having recovered above its 100 and 200 SMAs in the 1 hour chart and breaking above a short term descendant trend line coming from this year high at 118.97. Indicators in the mentioned time frame head higher above their midlines, while in the 4 hours chart technical readings also present a bullish tone: as long as above 117.95 immediate support, chances are of a retest of the mentioned year high.
Support levels: 117.95 117.40 117.00
Resistance levels: 118.50 118.90 119.30
AUD/USD Current price: 0.8507
View Live Chart of the AUD/USD
The AUD/USD pair holds near its recent lows with the 1 hour chart maintaining a bearish slope above current price an attracting short term sellers when reached, and indicators retracing from their midlines following an upward corrective movement from oversold levels. In the 4 hours chart the picture is pretty similar with a clear bearish tone ruling the pair, anticipating further slides on a break below 0.8470 immediate support.
Support levels: 0.8470 0.8435 0.8400
Resistance levels: 0.8530 0.8580 0.8620
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.