EUR/USD Current price: 1.3569
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The dollar strengthened on Monday and trimmed losses versus the euro, after EUR/USD printed a fresh 14-month high of 1.3710 last Friday. EUR/USD has retreated toward the 1.3550 zone, but such movement could still be considered as a technical correction within a longer-term positive bias. The 1.3550/40 zone remains as key on the downside, as a clear break below could increase the bearish pressure, sending the par to the 1.3500 zone en route towards 1.3465 (23.6% retracement of the 1.2660/1.3710 rally). On the other hand, regain of 1.3600 is now needed to improve the short-term outlook, while a break above 1.3620/40 would refocus 1.3710.
Support levels: 1.3540 1.3500 1.3480
Resistance levels: 1.3600 1.3640 1.3710
GBP/USD Current price: 1.5739
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It seems the Cable has made a bottom at the 1.5700 area with the GBP/USD recovering ground from last week losses. Pair is trading at daily highs at 1.5750 and the trend index is slightly bullish. CCI and Momentum points bullish in 1-hour and 15 minutes time frame. Stochastics are bearish in 1-hour chart. Next resistances are at 1.5750, 1.5780/90 (200 and 55 hours MA), and 1.5875, Jan 31st and Feb 1st highs. Supports are at 1.5700 area 1.5675 (Jan 28 lows) and 1.5635.
Support levels: 1.5700 1.5675 1.5635
Resistance levels: 1.5750 1.5780 1.5875
USD/JPY Current price: 92.69
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The powerful bullish bias remains intact. After reaching fresh highest since 2010 at 93.20, the USD/JPY is trading in consolidation mode supported by 92.50 level. 93.00 still looms and a break higher exposes next technical resistance at 93.70 - Jan 2010 high - while a correction should encounter dip buyers around contention area 92.20-40, confluence between last swing high and a 45º 20-h1 EMA.
According to FXstreet.com FXstudies, CCI and Momentum points bearish in 1-hour chart. The Same in 15-minute timeframe. While Stockastic is bullish in 15 minutes windows. Trend is Slightly bearish.
Support levels: 92.50 92.00 91.40
Resistance levels: 92.95 93.20 93.65
AUD/USD: Current price: 1.0425
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The Australian dollar entered in a consolidation phase on Monday, after recovering from a 1-month low of 1.0360 scored last Friday. Short-term indicators remain in positive territory, although lacking clear strength. A rise above 1.0440 (200-hour EMA) could attract buyers and sent the pair to 1.0470. Conversely, loss of the 1.0400 mark, would risk extension towards 1.0380/1.0360, next support levels.
Support levels: 1.0400 1.0380 1.0360
Resistance levels: 1.0440 1.0470 1.0500
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