EUR/USD Current price: 1.2171View Live Chart for the EUR/USD
The EUR/USD trades lower in range, setting a fresh yearly low ahead of the US opening at 1.2161, as investors continue dumping the common currency against any other rival. The hourly chart for the pair shows price below 20 SMA and indicators heading slightly lower around their midlines. In the 4 hours chart the pair is also biased lower, with indicators turning south below their midlines and 20 SMA capping the upside now around 1.2230. An acceleration below 1.2140 should point for more slides ahead, with 1.1870 now at sight.
Support levels: 1.2140 1.2100 1.2060
Resistance levels: 1.2210 1.2250 1.2290
GBP/USD Current price: 1.5466View Live Chart for the GBP/USD (Select the currency)
The GBP/USD saw a spike to 1.5510 strong static resistance area that converges with the 61.8% retracement, of the latest slide, giving up gains fast amid increasing risk aversion. Trading right around the 38.2% retracement of the same rally at 1.5460 and with hourly indicators losing momentum, renewed selling interest may push the pair back towards the 1.5420 area next static support. In the 4 hours chart the technical outlook remains bearish, favoring the short term view. As long as below 1.5510, selling is favored towards fresh weekly lows.
Support levels: 1.5460 1.5410 1.5365
Resistance levels: 1.5510 1.5550 1.5590
USD/JPY Current price: 79.29View Live Chart for the USD/JPY (select the currency)
Mostly unchanged since last updates, the USD/JPY trades steady near the base of these days range set around 79.10. The hourly chart shows technical studies flat in neutral territory as price stands below 100 and 200 SMA’s, while in bigger time frames the slightly bearish tone seen over past sessions persists. Key support remains at 78.80 area ahead of stronger yen gains.
Support levels: 79.10 78.80 78.40
Resistance levels: 79.45 79.80 80.10
AUD/USD: Current price: 1.0165View Live Chart for the AUD/USD (select the currency)
Australian dollar managed to recover some ground today, reaching 1.0186 against the dollar, as Chinese GDP was not as bad as expected thus showing more economic slowdown. The pair is finding short term support around 1.0140/50 area, while trading above a bullish 20 SMA in the hourly chart, although indicators are losing upward momentum and approach their midlines. In the 4 hours chart the bearish tone is still strong as indicators retreat from their midlines while 20 SMA caps the upside: breaks below 1.0140 should favor a downside continuation towards key 1.0070 Fibonacci support.
Support levels: 1.0145 1.0100 1.0070
Resistance levels: 1.0180 1.0220 1.250
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