EUR/USD Current price: 1.3655
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The dollar stands around its monthly low particularly against its European, rivals, with the EUR/USD trading around 1.3660 and maintaining a positive tone according to technical studies, as the hourly chart shows price finding support in a bullish 20 SMA and indicators heading higher in positive territory. In the 4 hours chart the technical picture is also bullish, with price approaching 1.3680 strong Fibonacci resistance. A break above it should trigger some stops and therefore favor some further intraday gains, albeit limited ahead of key data later this week.
Support levels: 1.3645 1.3610 1.3575
Resistance levels: 1.3680 1.3720 1.3750
GBP/USD Current price: 1.7050
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The GBP/USD accelerates higher early US session with the pair advancing above the roof of the short term symmetrical triangle that contained price over the last few days. Nevertheless, the pair is capped below this year high of 1.7060 immediate resistance, with the hourly chart showing a strong upward momentum coming from technical readings both in 1 and 4 hours charts: further upward momentum should see price approaching the 1.7100 figure, opening doors for a test of 1.7250 strong midterm resistance zone.
Support levels: 1.7020 1.69850 1.6950
Resistance levels: 1.7060 1.7095 1.7135
USD/JPY Current price: 101.36
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Lower in range, the USD/JPY has posted so far a daily low of 101.23 trading within a tight 20 pips range since the day started. The hourly chart shows price developing its moving averages and indicators holding in negative territory, while the 4 hours chart shows the picture is also bearish, albeit indicators lack directional strength: further slides below mentioned support should lead to a retest of this year lows around 100.70 while below this last the bearish momentum will likely accelerate and drive price further down towards 100.00.
Support levels: 101.20 100.70 100.35
Resistance levels: 101.60 102.00 102.35
AUD/USD Current price: 0.9396
View Live Chart for the AUD/USD
Aussie gave up some ground early weekly opening, easing down to 0.9387 against the greenback. The hourly chart shows price bouncing from mentioned low but still below 0.94, while indicators maintain a bearish bias and 20 SMA caps the upside now around 0.9410. The 4 hours chart indicators turned south and crossed their midlines as price develops below its 20 SMA, adding to a possible bearish continuation, to be confirmed on a break below 0.9370.
Support levels: 0.9370 0.9330 0.9290
Resistance levels: 0.9410 0.9460 0.9500
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