EUR/USD Current price: 1.2932
View Live Chart for the EUR/USD
Dollar losses ground ahead of the US opening, with gold strongly up and indexes erasing early loses. Not much reason behind latest movement, as market has been quite slow since early opening. Headlines anticipating the FED will likely announce more facilities next Wednesday may be one reason; majors holding at key levels the other. Anyway, the EUR/USD hourly chart shows price fully filled the weekly opening gap, yet stalled around 1.2940, immediate resistance level. Indicators in the mentioned time frame surged to positive territory, yet remain flat, showing not enough upward momentum. The rally may extend near 1.2970 if dollar remains under pressure, yet more gains seem unlikely at the time being.
Support levels: 1.2910 1.2880 1.2845
Resistance levels: 1.2940 1.2970 1.3000
GBP/USD Current price: 1.6085
View Live Chart for the GBP/USD (select the currency)
The GBP/USD surged past the 61.8% retracement of the last 2 days fall currently around 1.6080 and immediate support level. The hourly chart shows a strong upward momentum coming from indicators, with a daily high so far of 1.6095. In the 4 hours chart, indicators also head north nearing their midlines supporting more gains ahead. Having broke above 1.6065 strong static level, a pullback towards the area seems likely yet if price manages to stand above it, the upside is favored for the rest of the day.
Support levels: 1.6080 1.6065 1.6025
Resistance levels: 1.6095 1.6130 1.6150
USD/JPY Current price: 82.18
View Live Chart for the USD/JPY (select the currency)
Yen rose against most rivals, sending USD/JPY to fresh daily lows of 82.10 during the European morning. The hourly chart shows an increasing bearish momentum, with price standing now below the 100 and 200 SMA’s the first offering resistance around 82.30. Only steady gains above this level will favor a recovery, while an acceleration below 81.80 exposes the 81.50 area, 61.8% retracement of the latest monthly fall.
Support levels: 82.10 81.80 81.50
Resistance levels: 82.30 82.60 82.85
AUD/USD: Current price: 1.0498
View Live Chart for the AUD/USD (select the currency)
The AUD/USD surged from the daily descendant trend line broken past Thursday that continues to attract buyers on slides. With a strong upward momentum in the hourly chart, the pair continues limited below 1.0510 strong static resistance level. In the 4 hours chart indicators are biased higher, after bouncing from their midlines, suggesting further gains ahead. Still, considering latest fake break above 1.0500, steady gains above 1.0510 are required to confirm an upward continuation towards the 1.0570 price zone.
Support levels: 1.0460 1.0430 1.0400
Resistance levels: 1.0510 1.0550 1.0570
New to Forex? Visit our Glossary!
