EUR, GBP heavy; AUD outperforms

EUR/USD Current price: 1.3352

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The EUR/USD was strongly affected by disappointing EU data this Thursday, falling to a daily low of 1.3314. The US session saw price consolidating and even correcting higher as positive local readings saw stocks bouncing from their lows, to close pretty much unchanged. As for the short term, the hourly chart shows price around former low of 1.3350, while 20 SMA heads south above current price, offering short term resistance around 1.3380. Indicators corrected oversold readings and head north, although still in negative territory, which suggest more gains are still unlikely. In the 4 hours chart technical readings stand in negative territory, although with no actual strength. Overall, the downside is favored even in upward corrective movements up to 1.3410 price zone. Lose of the 1.3310 support area, will expose the daily ascendant trend line today around 1.3270.

Support levels: 1.3310 1.3270 1.3220

Resistance levels: 1.3385 1.3410 1.3440

EUR/JPY Current price: 124.02

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Yen continued advancing with little behind but self strength. The EUR/JPY bearish tone seen on previous updates remains in place, with the pair having been as low as 123.80 and holding a few pips above early Asia. The pair has a daily ascendant trend line, coming from December around 105.96, currently around 123.60 and immediate support. While the hourly chart shows indicators aiming higher from oversold readings, the upside seems limited by 124.80 static resistance level now. 4 hours chart presents a stronger bearish tone coming from technical indicators, supporting at least a test of the mentioned trend line. If below, a deeper fall should be expected towards the 120.80 area for the upcoming sessions.

Support levels: 123.60 123.10 122.45

Resistance levels: 124.40 124.80 125.30

GBP/USD Current price: 1.5494

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The GBP/USD trades below 1.5500, although despite of the break, was unable to accelerate south. Still technical readings remain bearish, with price contained by 20 SMA currently around 1.5510, and indicators standing in negative territory. In the 4 hours chart bearish tone persists, with a break below 1.5485 favoring an approach to 1.54 in the short term.

Support levels: 1.5485 1.5445 1.5410

Resistance levels: 1.5510 1.5535 1.5590 

USD/JPY Current price: 92.94

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The USD/JPY posted a lower low at 92.68, ending in red for third day in a row. Still limited, slides continue steadily as buying interest have receded. The hourly chart shows price below moving averages while indicators hold in negative territory. In bigger time frames, a stronger bearish momentum is present, looking now for a short term continuation towards the 92.20 static support area. Sellers should appear in the 93.30 price zone.

Support levels: 92.60 92.20 91.70

Resistance levels: 93.10 93.40 93.90 

AUD/USD: Current price: 1.0367

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Australian dollar remains firm against its American rival having held above 1.0300 despite the increase in risk aversion seen this Thursday. Pushing higher around recent high, the pair has turned short term bullish, despite technical readings lack strength at the time being. In the hourly chart and despite positive, indicators remain neutral, while in the 4 hours chart, momentum seems exhausted to the upside yet RSI still heads north. As long as above 1.0300/30 area, further gains should be expected, with a break above 1.0410 probably triggering an acceleration rally near 1.0500 price zone.

Support levels:  1.0330 1.0310 1.0270 

Resistance levels: 1.0410 1.0460 1.0490

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