EUR/USD Current price: 1.3466
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The EUR/USD finally left its range, breaking above 1.3400 and boosted higher afterwards by strong LTRO repayments, exceeding estimates: the ECB said banks will repay 137.2 billion Euros next week, exceeding the 84 billion-euro forecasted by economists. Ahead of New York opening and with US New Home Sales around the corner, the EUR/USD presents a short term bullish stance, as price consolidates near the daily high of 1.3469, having found buyers on pullbacks to 1.3420. Past year high comes at 1.3485, and if breached, the pair has scope to extend towards 1.3547, December 2011 high, with not much in the middle.
Support levels: 1.3420 1.3390 1.3355
Resistance levels: 1.3485 1.3510 1.3545
GBP/USD Current price: 1.5809
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The GBP/USD bounces from its lows of 1.5744 reached after a quite disappointing GDP reading in the UK. Struggling to hold above 1.5800, the pair is still unable to clearly overcome 1.5820 static resistance level, and 20 SMA in the 4 hours chart. In the short term, the hourly chart shows indicators flat in positive territory, reflecting the lack of bullish strength in the pair, although renewed buying interest above 1.5820 may see the pair nearing 1.5850 price zone.
Support levels: 1.5795 1.5760 1.5730
Resistance levels: 1.5820 1.5850 1.5885
USD/JPY Current price: 90.99
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The USD/JPY extended up to 91.18 today, adding another 80 pips to Thursday 200 ones. Despite the extreme overbought readings reached in the hourly chart, price remains firm at its highs, with no intentions to pullback lower at the time being. Break above mentioned daily high will favor further gains today, looking for 91.85 then.
Support levels: 90.90 90.65 90.30
Resistance levels: 91.10 91.50 91.85
AUD/USD: Current price: 1.0441
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The AUD/USD remains under pressure, although found a floor at 1.0419, and bounces slightly higher at the time being. The hourly chart shows price now below a bearish 20 SMA, offering short term resistance around 1.0450, while indicators aim higher nearing their midlines still in negative territory. In the 4 hours chart, technical readings remain bearish, helping keep the upside limited. However, only a break below 1.0390 now will suggest bears remain in control.
Support levels: 1.0420 1.0390 1.0345
Resistance levels: 1.0450 1.0490 1.0520
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