Ivan Delgado
Independent Analyst
EUR/USD Current price: 1.3375
View Live Chart for the EUR/USD_20130114015845.gif "s")
Closing above 1.3292 resistance, the EURUSD is set for another leg higher towards 1.3400 in the near term. Any retracement is likely to target initial and formidable support via the 1.3246 figure. Further downside penetration of the support figure would prompt a likely test of 1.3107.
Support levels: 1.3325 1.3290 1.3240
Resistance levels: 1.3370 1.3405 1.3450
GBP/USD Current price: 1.6129
View Live Chart for the GBP/USD (select the currency)_20130114015901.gif "s")
GBPUSD failed to gain above the 1.6168 resistance barrier, prompting a decline to 1.6100 on the session. However, the pair’s inability to move lower reflects the potential for a correction back towards 1.6200 – as the pair continues to consolidate.
Support levels: 1.6100 1.6065 1.6020
Resistance levels: 1.6170 1.6200 1.6240
USD/JPY Current price: 89.45
View Live Chart for the USD/JPY (select the currency)_20130114015911.gif "s")
Rising above the 89.00 resistance handle, USDJPY prospects for an extension higher towards 100 continue to grow. Any correction would likely see initial support via the 87.92 level. Subsequent support lies at the 87 even handle.
Support levels: 89.35 89.00 88.70 8
Resistance levels: 89.65 90.00 90.30
AUD/USD: Current price: 1.0531
View Live Chart for the AUD/USD (select the currency)_20130114015922.gif "s")
AUDUSD failed to overcome the 1.0600 round figure, instead plunging towards 1.0500 support. The break lower violates the 1.0563 support figure key to any sustained upward momentum. As a result, expectations are for an extension through till 1.0456 support.
Support levels: 1.0520 1.0490 1.0460
Resistance levels: 10550 1.0600 1.0660
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