EUR/USD Current price: 1.3827
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The EUR/USD saw a nice upward breakout, rising to a fresh weekly high of 1.3854 on the back of positive PMI readings in Germany and the EU. But the movement fades ahead of US opening, with futures slightly down along with local share markets. Later on the day, Apple and Facebook, among other, will publish their earnings reports, and another round of lively activity should be then expected. In the meantime, the EUR/USD holds above former resistance of 1.3825 with the hourly chart showing indicators losing upward potential in positive territory, and price developing well above a bullish 20 SMA. Past week high of 1.3860 comes as immediate resistance level, as only above it the pair will be able to extend further.
Support levels: 1.3825 1.3780 1.3750
Resistance levels: 1.3860 1.3890 1.3920
GBP/USD Current price: 1.6792
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The GBP/USD not only gave up yesterday’s gain, but extended its slide down to 1.6781, bouncing some after approaching the critical support area. The hourly chart maintains a clear bearish tone, as per indicators heading lower below their midlines, and 20 SMA gaining bearish slope above current price. In the 4 hours chart current candle points to close right below its 20 SMA while indicators turned south approaching their midlines: further falls beyond 1.6770 support are required to confirm a downward extension that can extend down to 1.6700/20 to complete the double roof figure clear in the mentioned chart.
Support levels: 1.6770 1.6745 1.6710
Resistance levels: 1.6820 1.6870 1.6915
USD/JPY Current price: 102.31
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The USD/JPY stands among the winners today, having accelerated against the greenback with the pair down to 102.16. Repeated failure around 102.60 finally weighted on the pair, along with another round of soft Chinese data with manufacturing PMI shrinking below expected. The pair however found support around its 200 SMA in the hourly chart, and indicators in the mentioned time frame pull slightly higher from oversold readings, albeit far from supporting a steady recovery. In the 4 hours chart, the pair presents a strong bearish momentum, with scope to test 101.70 support area if stocks maintain the negative bias.
Support levels: 102.10 101.70 101.30
Resistance levels: 102.60 102.95 103.20
AUD/USD Current price: 0.9271
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Australian dollar suffered big since past Asian session, amid falling inflation in the area, well below expected. The AUD/USD approached 0.9260 strong midterm static support area, and remains right above it, with the hourly chart showing the bearish tone prevails: indicators turned south after correcting partially oversold readings, while the 4 hours chart also maintains a bearish tone, albeit with indicators losing bearish momentum. A break below the support should lead to a stronger downward acceleration, with scoop to test 0.9130 on the upcoming days.
Support levels: 0.9260 0.9210 0.9370
Resistance levels: 0.9300 0.9340 0.9380
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