EURUSD
Downside is under pressure today ahead of the NFP data release. Important daily support is emerging at 1.2700/05 and a potential break will most likely encourage further decline towards next objective at 1.2550. Daily momentum is bearish and a break above 1.2920 is needed to suggest the near term sentiment change but only above 1.3320/30 will fully confirm an uptrend. Interim resistance is eyed above 1.2920 at 1.3070. Current quote is 1.2767 @07:20 GMT
Support levels: 1.2705, 1.2650 and 1.2550.
Resistance levels: 1.2920, 1.3070, 1.3150 and 1.3320/30.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
AUDUSD
The Aussie Dollar pushes to the upside, re-testing resistance at .6535. Above .6535, next intra-day resistance is emerging at .6570/80 and .6660. Short term momentum is slightly bullish and above .6720 will confirm the uptrend. On the downside, support is formed by .6475 backed by .6415 and .6300. While support on the .6415 handle holds, upside will stay on focus, building a bullish structure. Current quote is .6520 @07:20 GMT
Support levels: .6475, .6415, .6350/60, .6300 and .6230.
Resistance levels: .6535, .6570/80, .6660 and .6730.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
The pair is trading around resistance around 1.4970 at the time of this writing, keeping the upside under minor pressure. A break above 1.5030/40 may open key resistance region at 1.5170/90 for a later test. The daily studies are slightly bullish due to yesterday's boost out of the consolidation range. Support is seen at 1.4950, 1.4880, 1.4815 and 1.4750. Current quote is 1.4970 @07:20 GMT
Support levels: 1.4950, 1.4880, 1.4800/15,1.4750 and 1.4655.
Resistance levels: 1.5030/40, 1.5100 and 1.5170/90.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
