EUR/USD Current price: 1.3199
View Live Chart for the EUR/USD_20121221035427.gif)
Back to back dojis ahead of 1.3300 round figure resistance is lending a bearish bias on the currency pair. A likely decline at this point would target the 1.3128 initial support level. Further penetration lower would place the 1.3070 figure into play.
Support Levels 1.3195 1.3154 1.3103
Resistance Levels 1.3287 1.3338 1.3379
GBP/USD Current price: 1.6248
View Live Chart for the GBP/USD (Select the currency)_20121221040059.gif)
Resistance via the 1.6300 psychological round figure continues to bear down on any advance by the pound sterling in the short term. Any decline in the near term will likely seek out support at the 1.6187 figure.
Support Levels 1.6235 1.6222 1.6203
Resistance Levels 1.6267 1.6286 1.6299
USD/JPY Current price: 83.94
View Live Chart for the USD/JPY (select the currency)_20121221040140.gif)
Failing to break above resistance at 84.50, the USDJPY pair is set to decline towards medium term support targets at the 82.78 barrier. Further downside violation of the figure would precipitate an 82 handle support test.
Support Levels 84.00 83.88 83.66
Resistance Levels 84.34 84.56 84.68
AUD/USD Current price: 1.0447
View Live Chart for the AUD/USD (Select the currency)_20121221040205.gif)
AUDUSD has broken through key ascending trendline support at 1.0148-1.0386, opening to door for a decline to 1.0397 support. Further downside penetration of the support figure will shift focus to the 1.0300 psychological figure.
Support Levels 1.0461 1.0443 1.0424
Resistance Levels 1.0498 1.0517 1.0535
Today's new term, Oops! Pattern.






