EUR/USD Current price: 1.3070
Failing off of the 1.3100 round figure resistance, EURUSD has confirmed the previous notion of an evening star formation. The pattern, bearishly indicative, is likely to force a test of the 1.2994 April 16th session low. Penetration lower through the level will force a 1.2902 support test.
Support levels: 1.3035 1.3000 1.2970
Resistance levels: 1.3080 1.3110 1.3140
GBP/USD Current price: 1.6245
GBPUSD has stalled ahead of 1.6300 resistance – as price action produces a doji star candlestick. Combined with oscillator signals that remain overbought, the formation could act as an impetus for a 1.6124 support test. The notion is dependent on a breach of the 1.6200 round figure barrier.
Support levels: 1.6210 1.6160 1.6120
Resistance levels: 1.6265 1.6300 1.6340
AUD/USD: Current price: 1.0460
Continuing lower towards 1.0400 support, AUDUSD remains weak and bearish. A downside penetration of the figure would prompt a decline towards subsequent support via the 1.0328 figure. Any near term retracement will see formidable resistance at 1.05575.
Support levels: 1.0410 1.0380 1.0350
Resistance levels: 1.0470 1.0500 1.0535
Today's new term is NIFTY.