EUR/USD Current price: 1.2908
A shooting star has emerged in EURUSD, indicative of a bearish turn in the major pair ahead of resistance at 1.3000. The notion is being reinforced by a descending trendline (1.3171-1.3070). Any retracement is likely to be minimized by support at 1.2834 October 10th low.
Support levels: 1.2950 1.2910 1.2875
Resistance levels: 1.2990 1.3030 1.3070
GBP/USD Current price: 1.6040
A spinning top formation is helping to support notions of a near term turn in GBPUSD ahead of resistance at 1.6100. The psychological figure should lend enough impetus for a decline to 1.5975 October 10th session low. A close further below would place the 1.5900 in play.
Support levels: 1.6065 1.6020 1.5970
Resistance levels: 1.6095 1.6120 1.6150
USD/JPY Current price: 78.42
USDJPY remains support in the short term, with support via the 78.14 figure lending impetus for an extension higher. A subsequent close above 78.79 would prompt a bullish advance towards the 79.21 September 19th session high.
Support levels: 78.10 77.90 77.65
Resistance levels: 78.80 79.10 79.30
AUD/USD: Current price: 1.0212
Failing at 1.0271 resistance, AUDUSD is set for an extension lower towards support via the 1.0185 barrier. Any bounce from Friday’s decline would see formidable resistance at the 1.0216 session high.
Support levels: 1.0230 1.0200 1.0170
Resistance levels: 1.0270 1.0300 1.0335
Today's new term is Discount Rate.