EUR/USD Current price: 1.3765
Dollar remains close to one month low against euro reached past Friday, on concerns US monetary policy will remain unchanged in this first half of the year. Local stocks lad little cues from past week Wall Street close, and seems market is facing another quiet Monday. Technically, pair shows hourly indicators slightly bearish, mostly exhausted after reaching 1.3800 zone, as well as 4 hours ones. However, price remains strong above 20 SMA, and 1.3730 is key support level for next hours ads only a break under could favor a deeper downside movement in the pair.
Support levels: 1.3720 1.3680 1.3640
Resistance levels: 1.3790 1.3835 1.3880
GBP/USD Current price: 1.5196
Testing 1.5200 area again, hourly charts remain quite bullish after early Asian opening gap to the downside, with pair gaining some strength. However, 1.5230 strong resistance area should be overcome to confirm another bullish leg in the pair, while if lose 1.5160, deeper downside movement could be seen. 4 hours charts, also favor some downside corrective movement ahead of next sessions.
Support levels: 1.5160 1.5110 1.5080
Resistance levels: 1.5230 1.5280 1.5320
USD/JPY Current price: 90.71
Pair opened strongly to the upside in Asia, supported by BOJ meeting this week, likely to favor more money injections to keep yen weak; hourly charts show indicators strongly bullish, at this point, with pair attempting to accelerate above 90.80 resistance area. Key resistance to the upside comes around 92.30, daily descendant trend line starting at yearly high of 93.76. 4 hours chart favors the bias, as 20 SMA under current price likely act as dynamic support zone around 90.45.
Support levels: 90.45 90.25 90.00
Resistance levels: 90.80 91.10 91.40
AUD/USD current price: 0.9171
Moving in an ascendant channel, pair remains above 20 SMA and slightly bullish in the hourly chart, thus gapping to the upside and with some bearish divergences in 4hours charts. Gap as well as base of the ascendant channel, lie at the 0.9150 area that should hold to keep the bullish bias open. Under that level, pair could start a major corrective movement with 0.9070 as possible target for next hours.
Support levels: 0.9150 0.9120 0.9070
Resistance levels: 0.9175 0.9210 0.9260
