EUR/USD: Intraday mute

EUR/USD Current price: 1.3558

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The EUR/USD stands mute today, trading around the 1.3550 area, although with a slightly bearish tone according to the hourly chart: 20 SMA has lost its upward potential and price stands below, as indicators head lower around their midlines. Consolidating recent gains, the pair may see some limited bearish corrective movement today, towards the 1.3480/1.3500 area, but there are no signs a top may be in place for EUR. 4 hours chart supports the shorter term view, and the downside is favored as long as price stands below 1.3585 high.

Support levels: 1.3540 1.3510 1.3480

Resistance levels: 1.3580 1.3620 1.3660

GBP/USD Current price: 1.5821

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The GBP/USD maintains the green, trading around 1.5820 area and having been as high as 1.5839 so far today. In the short term, the pair presents a slightly bullish tone, as indicators head north above their midlines, although there’s not enough follow trough beyond current level, to confirm more gains ahead. The movement remains corrective in the bigger picture, as the pair is still far from the 38.2% retracement of its latest bearish run around 1.5870 and next resistance. Indicators in the 4 hours chart are showing signs of exhaustion to the upside and turning south, yet only below 1.5770 the pair may be able to resume the downside.

Support levels: 1.5800 1.5770 1.5740

Resistance levels: 1.5830 1.5870 1.5900

USD/JPY Current price: 90.95

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The USD/JPY remains short term range bound around 91.00, maintaining a neutral stance in the hourly chart as indicators stands flat near their midlines while 100 SMA offers short term support. In the 4 hours chart, there’s little going on, as technical readings are also mostly neutral, although most of the candles present long lower shadows, suggesting the buying on dips continues to be the name of the game. 

Support levels: 90.70 90.30 89.80 

Resistance levels: 91.20 91.60 92.00

AUD/USD: Current price: 1.0420

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The AUD/USD posted a fresh low of 1.0378, yet managed to bounce slightly higher practically unchanged intraday. The hourly chart shows indicators in neutral territory and price hovering around a flat 20 SMA, yet the fact that the pair can’t extend higher keeps the pressure to the downside. In the 4 hours chart bearish tone seems clearer, yet again, only a clear break below 1.0380 will confirm the move. 

Support levels: 1.0380 1.0330 1.0300

Resistance levels: 1.0440 1.0470 1.0500 


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