EUR/USD Current price: 1.3481
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The EUR/USD traded mostly neutral this Tuesday, slightly below Asian opening in the 1.3440/50 area, although bouncing strongly up with US opening, and nearing key 1.3485, 2012 high . Having been as low as 1.3415 today, technical indicators stand in negative territory while price accelerates above 20 SMA. In the 4 hours chart 20 a still bullish SMA, converges with a short term ascendant trend line around 1.3410/20, offering intraday support. The midterm bullish trend remains quite firm and 1.3540 seems now possible, although lose of the 1.3410 level should trigger some intraday bearish move towards the 1.3660 price zone.
Support levels: 1.3420 1.3385 1.3360
Resistance levels: 1.3485 1.3510 1.3545
GBP/USD Current price: 1.5724
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The GBP/USD managed to regain some of the ground lost yesterday, having traded positively most of the day. However, gains are quite limited, and the bearish trend is far from over: the hourly chart shows indicators heading back lower after a failure attempt to break the 1.5740 static resistance, while 20 SMA offers short term support around 1.5710. In the 4 hours chart indicators corrected some of the oversold readings reached yesterday and stand flat in negative territory while 20 SMA caps the upside around mentioned 1.5740 price zone. If above this last, an upward corrective movement may see the pair nearing 1.5800 level, although renewed selling pressure is a more likely scenario, with losses below 1.5710 opening doors for a lower low.
Support levels: 1.5700 1.5660 1.5620
Resistance levels: 1.5740 1.5785 1.5820
USD/JPY Current price: 90.71
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Developing inside a short term descendant channel, the USD/JPY managed to bounce higher form an intraday low of 90.32. The hourly chart shows indicators aiming higher yet still in neutral territory, while 100 SMA has advanced higher on recent lack of momentum currently around 90.00. While lacking strength, the upside remains favored although waiting for further retracements is the best strategy, as price could fall up to 89.60 before finding strong buying interest again.
Support levels: 90.20 89.80 89.60
Resistance levels: 90.90 91.20 91.60
AUD/USD: Current price: 1.0454
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The 1.0380 low posted yesterday seems to have been enough to attract buyers, as the AUD/USD managed to regain the upside erasing also Friday’s losses. The hourly chart shows price steady above a bullish 20 SMA, although indicators still lack momentum. Price needs to clear 1.0470 area to be able to extend its gains today, while below 1.0380 the downside is exposed up to 1.0300/30 price zone.
Support levels: 1.0420 1.0380 1.0330
Resistance levels: 1.0470 1.0500 1.0540
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