EUR/USD Current price: 1.2510View Live Chart for the EUR/USD
Three consecutive doji candlesticks are alluding to a waning of bearish momentum in EURUSD as the currency pair tests the 1.2468 61.8% fib from 1.2287-1.2746. A positive correction, here, is contingent on a close above 1.2523 resistance, exposing the 1.2600 round figure. Any further declines require a break of the aforementioned support.
Support levels: 1.2440 1.2400 1.2360
Resistance levels: 1.2490 1.2530 1.2570
GBP/USD Current price: 1.5592View Live Chart for the GBP/USD (Select the currency)
GBPUSD bullish momentum continues to be capped by 1.5636 resistance, which is being weighed down by 1.6300-1.6151 descending trendline resistance. MACD is supportive of a decline in the spot rate, with a confirmed bearish divergence. Initial support is being targeted via the 1.5477 61.8% fib of the 1.5268-1.5776 bullish swing.
Support levels: 1.5560 1.5535 1.5490
Resistance levels: 1.5590 1.5620 1.5650
USD/JPY Current price: 79.45View Live Chart for the USD/JPY (select the currency)
Failing to break above the 80 handle, USDJPY is set for another wave lower. The 80.00 resistance is being reinforced by the 200 daily EMA, and Stochastic overbought signals. Support at 79.00 continue to remain intact, with a violation of the barrier exposing the 78.50.
Support levels: 79.45 79.15 78.80
Resistance levels: 79.80 80.10 80.35
AUD/USD: Current price: 1.0084View Live Chart for the AUD/USD (select the currency)
Finding solid footing circa the 1.0032 figure, the Australian dollar made a short term push through resistance at 1.0100 in the session. Subsequent resistance at the 1.0147 Jan 9th low is expected to put short term bullishness to the test, with a break higher above the barrier opening scope for an attack on the 1.0200 round figure.
Support levels: 1.0040 1.0000 0.9970
Resistance levels: 1.0110 1.0160 1.0200
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