Currency Majors Technical Perspective

EUR/USD Current price: 1.2692

Losing ground early Asia, pair has reached an intraday high around 1.2765 favored by general good tone in risk sentiment that faded late US afternoon; Wall Street indexes barely managed to close positive, and Euro quickly gave up ground ending the day negative against greenback. As usual, Friday seems to be favoring risk aversion rallies, thus probably better reflected in Swiss Franc and yen crosses.

Quoting under 1.2700, pair holds a slightly bearish tone according to hourly chart, with price under 20 SMA, momentum flat and RSI also flat yet under 50; key support will be weekly low around 1.2660, as stops should be gathering under the level, pointing for further falls once below, towards the 1.2600/20 zone.

Support levels: 1.2660 1.2620 1.2580

Resistance levels: 1.2735 1.2775 1.2810

GBP/USD Current price: 1.5425

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Inside day candle for Pound, strong lack of definitions in the cross has left the pair ranging with no direction thus holding the bearish bias according to the hourly chart: price is capped by 20 SMA while CCI crosses upside down its midline; barely quoting above 1.5400/10 immediate resistance area, lose of this level should open doors to further intraday falls in the pair, to 1.5370 first and 1.5320 later. 4 hours indicators are also strongly bearish, thus lacking strength at the moment.

Support levels: 1.5421 1.5370 1.5320

Resistance levels: 1.5470 1.5530 1.5570

USD/JPY Current price: 83.95

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Approaching again to 84.00 static resistance area, pair has retreated from the zone several times in the past two days, suggesting stops above that area could be triggered if reached, signaling a bullish continuation towards 84.45 zone. Slightly bullish according to hourly indicators, level to watch will be 84.10, as acceleration is expected above that level. Lose of 83.50 should but the pair back under pressure, with 83.00 level as next bearish target for the upcoming sessions.

Support levels: 83.50 83.35 83.00

Resistance levels: 84.10 84.40 84.90

AUD/USD Current price: 0.9237

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Australian dollar extended gains to a fresh 3 weeks high around 0.9275 early today, following better than expected employment readings past Asian session. Late fall in stocks push the pair to the downside, triggering a short bearish corrective movement that found support around 0.9220. Hourly indicators are heading south yet above their midlines, with RSI already bouncing from the 50 line, suggesting the downside would likely remain limited. Bigger time frames are also losing strength after reaching extreme overbought readings, thus as long as above 0.9200, current movement could be consider corrective.

Support levels: 0.9220 0.9170 0.9140

Resistance levels: 0.9240 0.9270 0.9310