EUR/USD Current price: 1.3059
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US employment data finally come out, showing a soft improvement in jobs creation and an unemployment rate of 7.8%, halting dollar bullish run across the board. The figures are good enough to trigger some risk appetite, and bad enough to keep QE running. Gold regained the upside, another factor weighting against the greenback that slowly corrects lower after latest gains. The EUR/USD hourly chart shows an increasing upward momentum as price extends to 1.3060 with US opening that would likely continue over the rest of the day. Sellers may surge around 1.3080, yet if the level is finally taken, the bullish recovery will extend next week.
Support levels: 1.3040 1.3000 1.2970
Resistance levels: 1.3080 1.3110 1.3145
GBP/USD Current price: 1.6058
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Pound bounce from daily low at 1.6008 against the greenback is still being limited by 1.6065 static resistance level, although the hourly chart suggests the pair may continue heading north: indicators are pointing for further gains from extreme oversold levels, while price struggles to resurge above 20 SMA. Sustained gains above mentioned 1.6065, should lead to a retest of 1.6100 today, while a daily close around this last should attract more buying interest.
Support levels: 1.6025 1.5985 1.5930
Resistance levels: 1.6065 1.6140 1.6175
USD/JPY Current price: 87.79
View Live Chart for the USD/JPY (select the currency)
Having been as low as 87.59 after the news, the USD/JPY holds a slightly bearish tone in the hourly chart, mostly corrective, as there’s not much sellers around for yen crosses. Bigger time frames continue to point for more gains and dips are seen as buying opportunities, with 88.30 and 88.60 as immediate bullish targets.
Support levels: 87.60 87.30 87.00
Resistance levels: 88.05 88.30 88.60
AUD/USD: Current price: 1.0456
View Live Chart for the AUD/USD (select the currency)
Aussie found buyers around 1.0390 again, with the AUD/USD recovery now struggling to overcome 1.0470 static resistance level. The hourly chart shows price above 20 SMA, and indicators heading higher above their midlines, which supports more gains in the pair. The strong recovery in gold, and the positive tone in stocks also support the upside in the pair, with 1.0520 area back at sight.
Support levels: 1.0440 1.0400 1.0370
Resistance levels: 1.0470 1.0525 1.0550
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