EUR/USD Current price: 1.3604
Euro managed to recover part of the lost ground late America, after testing key 1.3530 support area. The lack of fundamental data in major economies, favored slightly risk appetite, also supported by Wall Street and oil futures raise. Local share markets has a positive cue, thus euro rises likely to remain limited due to deteriorating credit quality in Europe.
Hourly charts show some upside momentum developing with first resistance area around very close 1.3610 zone; above it, pair could extend the rally to next strong level around 1.3640. Only above this last, consider further rallies to the 1.3700 area. Now, 1.3580 is key support to consider as under it, a retest of 1.3530 lows seems likely.
Support levels: 1.3580 1.3530 1.3485
Resistance levels: 1.3610 1.3640 1.3685
GBP/USD Current price: 1.5002
Regaining some upside strength, movements should remain limited to the strong 1.5060 resistance area; hourly indicators show some upside momentum so an acceleration above 1.5010/20 area, will likely support a test of mentioned area. 20 SMA under current price remains bearish, need to regain further upside slope to favor mentioned rally. Lose of 1.4980 likley signal a retest of 1.4940 lows.
Support levels: 1.4980 1.4940 1.4900
Resistance levels: 1.5015 1.5060 1.5100
USD/JPY Current price: 90.70
Positive tone in risk appetite is helping pair to regain the 90.00 area, thus key resistance level to overcome to confirm a continuation comes at the 90.20 zone, 100 SMA in the daily chart. Hourly indicators are mostly flat, yet price developing above 20 SMA supporting a slightly bullish bias for next hours. Lose of 89.60 support, should deny any upside chance an favor further falls ahead, not seen at this point.
Support levels: 89.85 89.60 89.20
Resistance levels: 90.25 90.60 90.85
GBP/JPY current price: 135.12
Bullish in the hourly chart, is risk appetite is meant to rule the session, pair has good chances of extend the upside quickly. Pair has a quite strong resistance area around 135.40/60 zone, so clearly above it, a retest of 136.00 area seems possible during next Asian hours. Hourly indicators support the bias, with pair holding above 20 SMA losing past bearish strength. However, upside movements should be consider short term corrections, as bigger time frames show pair holds the bearish tone.
Support levels: 134.80 134.40 134.00
Resistance levels: 135.60 136.10 136.80
AUD/USD current price: 0.9155
Already above yesterdays’ high, Australian dollar continues to gain ground ahead of Nikkei opening. Indicators in multiple time frames remain bullish, showing downside movements are barely corrective ahead of fresh leg up; 20 SMA under current price acts ad dynamic support for the pair, also favoring the view. Above 0.9175, pair should extend the rally to the 0.9210 area; only under 0.9070 support zone, downside corrective movements could gain some strength.
Support levels: 0.9120 0.9070 0.9030
Resistance levels: 0.9175 0.9210 0.9245
