EUR/USD Current price: 1.3765
Holding close to daily highs, pair seems to be losing part of past FOMC strength. However, general tone remains strongly bullish in the pair, mostly favored by Wall Street rises, with S&P closing at 18 months high. Optimism likely to extend in Asian session sending local share markets up and favoring further upside in high yielding currencies. Euro however, likely to remain subdue compared to another rivals, as per own weakness due to credit issues in the euro zone.
Technically, pair show hourly indicators slightly exhausted to the upside, while price well above 20 SMA still with a nice bullish slope, limiting the downside around 1.3720/30 area. Only break under this last, could dilute current bullish momentum in the pair.
Support levels: 1.3720 1.3680 1.3640
Resistance levels: 1.3790 1.3820 1.3860
GBP/USD Current price: 1.5236
Pair accelerated to the upside, reaching and overcoming key 1.5230 resistance area, now acting as dynamic support; overextended in the hourly chart, corrective movement could extend to 1.5180/1.5200 area, where pair should bounce back up quickly to continue raising after that; bigger time frames support the bias. Early European session BOE will release Minutes of last meeting, keeping investors cautious with Pound.
Support levels: 1.5200 1.5160 1.5120
Resistance levels: 1.5260 1.5290 1.5330
USD/JPY Current price: 90.35
Pair remains ranging in between 90.00 and 90.60, ahead of BOJ meeting later today. Unchanged since last update, pair needs to accelerate under 90.10 area, SMA in the daily chart, and extend such acceleration trough 89.80, to confirm a bearish continuation. Indicators both in 1 and 4 hours charts, are looking bearish at this point, yet pair likely remain on hold during first Japan hours.
Support levels: 90.10 89.70 89.40
Resistance levels: 90.60 90.80 91.20
AUD/USD current price: 0.9188
Bias remain bullish in the pair, after having reached a fresh 8 weeks high in the last hours around 0.9220. With hourly indicators slightly overextended, bigger time frames ones remain strongly bullish suggesting pair downside movements will remain limited. Current rise, favored by gold that return above $ 1125/oz, along with RBA indicating they will gradually keep rising interest, support a break of key technical point around 0.9250, which should favor further wins to come in the currency.
Support levels:0.9165 0.9120 0.9070
Resistance levels: 0.9215 0.9250 0.9280
