EUR/USD Current price: 1.3365
View Live Chart for the EUR/USD
Holding around the daily low, the EUR/USD maintains its 50 pips range since early Asian opening. Dollar however, is higher across the board, with gold deep in red and US indexes struggling around their opening levels. The EUR/USD hourly chart shows indicators heading south around their midlines and price around a flat 20 SMA, reflecting the lack of direction of the pair. In the 4 hours chart however, the bearish tone is quite clearer according to technical readings: the pair has scope to extend its decline up to 1.3250 area, over the upcoming sessions.
Support levels: 1.3350 1.3300 1.3250
Resistance levels: 1.3390 1.3440 1.3485
GBP/USD Current price: 1.5674
View Live Chart for the GBP/USD (select the currency)
Pound extended its decline against the greenback, trading at daily lows at the time being and with a strong bearish momentum according to the hourly chart. The pair has managed last week to bounce higher from a long term ascendant trend line, coming from 2009 low at 1.3502, currently around 1.5625: the level may be a magnet for sellers at the time being, while a break below the area should anticipate a continued slide towards the 1.52 area over the next few days.
Support levels: 1.5660 1.5625 1.5580
Resistance levels: 1.5700 1.5730 1.5770
USD/JPY Current price: 93.26
View Live Chart for the USD/JPY (select the currency)
Back higher, the USD/JPY is still seen as a buying opportunity on deeps, no matter what. The pair has recovered over 100 pips this Monday, and the hourly chart shows 200 SMA was enough to trigger buying interest. Currently struggling around 100 SMA in the mentioned time frame, the pair seems set to consolidate around current levels. A break above 93.50 daily high however, should open doors for further gains, with 95.00 then at sight.
Support levels: 92.90 92.60 92.35
Resistance levels: 93.50 93.85 94.20
AUD/USD: Current price: 1.0270
View Live Chart for the AUD/USD (select the currency)
The AUD/USD tests again the key support around 1.0260, and remains close as dollar advances. The hourly chart, shows 20 SMA gaining bearish slope above current price while indicators head south below their midlines, pointing for further falls. In the 4 hours chart technical reading also favor the downside, as momentum accelerates lower while 20 SMA capped the upside on several attempts to regain ground.
Support levels: 1.0260 1.0220 1.0170
Resistance levels: 1.0300 1.0330 1.0370
New to Forex? Visit our
Recommended Content
Editors’ Picks
EUR/USD advances to near 1.0750 as risk appetite regains balance
EUR/USD extends its winning streak for the third successful day, trading around 1.0730 during the Asian session on Friday. The risk-sensitive currencies like the Euro gain ground as risk appetite regains balance ahead of US Nonfarm Payrolls.
GBP/USD trades on a stronger note 1.2530, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2540 amid the softer US Dollar on Friday. The US Federal Reserve Chair Jerome Powell delivered a modest dovish message after the meeting on Wednesday, which weighs on the Greenback.
Gold lacks firm near-term direction, remains stuck in a range ahead of US NFP
Gold price struggles to gain any meaningful traction amid mixed fundamental cues. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support. Bets for a delayed Fed rate cut and a positive risk tone cap gains ahead of the US NFP.
Solana price pumps 7% as SOL-based POPCAT hits new ATH
Solana price is the biggest gainer among the crypto top 10, with nearly 10% in gains. The surge is ascribed to the growing popularity of projects launched atop the SOL blockchain, which have overtime posted remarkable success.
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.