EURUSD
Yesterday’s gains against the dollar have been limited into the 1.4800/20 region and Bernanke’s speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to signal a change in hourly sentiment. In case of extended losses below the support at 1.4700, next downside barrier is emerging at 1.4650 then lower at 1.4600/10. Current quote is 1.4726 @06:00 GMT
Support: 1.4700, 1.4650 and 1.4600/10
Resistance: 1.4750/60, 1.4800/20 and 1.4845/50
GBPUSD
Cable managed to recover some of its recent gains but the 1.6100-1.6130 resistance region has limited yesterday’s gains. Current pullback into the 1.6000 zone could be corrective only, therefore uptrend may resume. A break above 1.6100/30 would confirm the short-term uptrend’s resumption so keep an eye on that region. Current quote is 1.6025 @06:00 GMT
Support: 1.6000, 1.5900 and 1.5800
Resistance: 1.6100/30, 1.6200 and 1.6300
AUDUSD
The .9100 resistance has provided a temporary reversal point on yesterday and Intra-day sentiment is currently bearish but the short-term momentum remains highly positive. Potential losses extended below the .9000 mark will most likely be treated as fresh buying opportunities. Support backs .9000 at .8950 and .8870 while on the upside, the same .9100 stands valid as an important barrier. Current quote is .9030 @06:00 GMT
Support: .9000, .8950 and .8870
Resistance: .9100, .9150 and .9200
