EUR/USD Current price: 1.2904
View Live Chart for the EUR/USD
Not a good day in Europe, as both Central Banks, the BOE and the ECB, came with a dovish stance that sent local currencies strongly down against their American rival. The EUR/USD fell down to 1.2883 so far, finding as expected some buying interest around the strong static support level, yet unable so far to regain ground beyond 1.2920, former low and immediate resistance. With the US market closed on holiday, there’s a chance we lack volume enough to trigger another strong rally, but the downside remains favored with a break to fresh lows opening doors for attest of the 1.2800 area.
Support levels: 1.2880 1.2840 1.2800
Resistance levels: 1.2920 1.2950 1.2985
GBP/USD Current price: 1.5085
View Live Chart for the GBP/USD
Extremely oversold in the hourly chart, the GBP/USD was hit hard for an unexpected, also dovish statement from the BOE. The pair reached a daily low of 1.5059 before managing to bounce some, still unable to recover the 1.5100 mark. The 4 hours chart shows a strong bearish momentum that supports further slides once buying interest around 1.5050 gets overcome. The key 1.50 figure should contain the downside, at least today ahead of US employment figures tomorrow.
Support levels: 1.5050 1.5010 1.4970
Resistance levels: 1.5130 1.5160 1.5200
USD/JPY Current price: 100.06
View Live Chart for the USD/JPY
Dollar momentum is helping USD/JPY recover the 100.00 mark, although there has been little reaction in the pair that remains range bound. The hourly chart shows price barely above its 100 SMA currently around 99.80, while indicators stand in neutral territory. In bigger time frames, the pair presents a slightly bullish tone, but limited as long as price stands below 100.30.
Support levels: 99.80 99.50 99.25
Resistance levels: 100.30 100.70 101.10
AUD/USD: Current price: 0.9134
View Live Chart for the AUD/USD
The AUD/USD is barely changed after the news, holding near 0.9150 resistance after recovering some ground during past Asian session. The hourly chart shows price heading higher above a bullish 20 SMA that offers dynamic support currently around 0.9105, while indicators head north above their midlines, which supports some gains in the pair. In the 4 hours chart price struggles right below 20 SMA, while indicators head higher still below their midlines: a price acceleration above 0.9150 is now required to confirm an advance up to 0.9200/20 area.
Support levels: 0.9195 0.9060 0.9020
Resistance levels: 0.9150 0.9190 0.9220
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.