EUR/USD Current price: 1.2865
View Live Chart for the EUR/USD_20120912043233.gif "d")
EURUSD penetrated 1.2825 resistance, portending towards a likely extension higher to 1.2924 61.8% fib resistance – even as technical signals remain overbought. A violation of the figure would allow the price action to seek out a 1.3000 round figure test. Any retracements will be minimized by 1.2761 support in the short term.
Support levels: 1.2810 1.2780 1.2745
Resistance levels: 1.2860 1.2900 1.2935
GBP/USD Current price: 1.6067
View Live Chart for the GBP/USD (Select the currency)_20120912043245.gif "s")
Breaking through 1.6017 resistance in the daily charts, GBPUSD has negated nascent signals of an evening star formation. Now advancing on the 1.6100 round figure barrier, sterling is left with technical signals that remain bearish for the near term. An elongated MACD divergence is supportive of a near term correction.
Support levels: 1.6035 1.6010 1.5980
Resistance levels: 1.6080 1.6100 1.6150
USD/JPY Current price: 77.83
View Live Chart for the USD/JPY (select the currency)_20120912043304.gif "s")
USDJPY has violated support provided by the 78 handle of a declining triangle pattern, indicative of a downside extension lower. Initial support is now being viewed at 77.32, with subsequent levels lower at 76.63. Any upside retracement will likely be held at bay by the 78 handle.
Support levels: 77.65 77.30 77.05
Resistance levels: 77.90 78.10 78.40
AUD/USD: Current price: 1.0470
View Live Chart for the AUD/USD (select the currency)_20120912043347.gif "s")
AUDUSD extended higher off of the recent swing low near 1.0200. The major currency is now making an advance on the 1.0453 61.8% fib resistance level. A penetration above the figure would open scope for a move to 1.0600.
Support levels: 1.0410 1.0370 1.0330
Resistance levels: 1.0445 1.0470 1.0510
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