EUR/USD Current price: 1.3733
Euro has been the only major unable to gain ground against dollar, and in fact is entering Asian session at past Tuesday daily lows, despite Wall Street closed at 17 months highs, following bigger than expected drop in February U.S. wholesale inflation. Lack of a response from EU to Greece issues is also pressuring the pair, after Greek Prime Minister stated earlier today that without EU help, euro will suffer the consequences.
Technically, hourly charts show pair holds the bearish tone, thus contained for now, by the 1.3720/30 support zone. Indicators look a bit exhausted to the downside suggesting some upside corrective movement, limited by 20 SMA around 1.3760 area.
Support levels: 1.3720 1.3680 1.3640
Resistance levels: 1.3760 1.3790 1.3820
GBP/USD Current price: 1.5318
Consolidating in a small symmetrical triangle, hourly indicators lost momentum yet pair keeps holding above de 1.5300 area, while 20 SMA has a strong bullish slope, suggesting downside will remain limited by the base of the figure around 1.5300: an acceleration under that zone, likely to trigger a deeper corrective movement with 1.5260 as next key support level to watch.
Support levels: 1.5300 1.5260 1.5230
Resistance levels: 1.5350 1.5385 1.5420
USD/JPY Current price: 90.38
As comment on past updates, pair remains ranging in between 89.80 support and 90.70 resistance area. Hourly chart show pair under moving averages, capped now under 200 one; momentum remains bearish, while bigger time frames indicators had turned flat. Only a break away of mentioned extremes could give a clearer picture for the pair. Risk appetite rhas remained quite strong during past sessions, favoring the upside in the pair.
Support levels: 90.10 89.70 89.40
Resistance levels: 90.60 90.80 91.20
AUD/USD current price: 0.9230
As expected, pair reached the daily descendant trend line at the 0.9250 area, that kept the upside capped. Hourly indicators seem exhausted at the top, pointing for a downside corrective movement thus likely to remain limited by general improvement in optimism regarding global recovery. 20 SMA under current price holds a strong bullish slope, while 4 hours charts also remain bullish supporting more gains in the Australian dollar.
Support levels: 0.9200 0.9165 0.9120
Resistance levels: 0.9250 0.9280
EUR/JPY current price: 124.19
Also ranging, pair is trapped as well as USD/JPY due to lack of definitions in Japanese yen trend. Hourly indicators seem to be pointing for an upside movement ahead, yet 124.40 static resistance area should be cleared before a continuation. Both 100 and 200 SMA remain slightly bullish while 20 SMA is losing strength above current price, also limiting upside rallies.
Support levels: 124.00 123.20 122.60
Resistance levels: 124.40 125.20 125.80
