EUR/USD Current price: 1.3683
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The waiting extends in the EUR/USD, with the pair unable to take the 1.3700 level but holding above key Fibonacci level around 1.3675. Early US session, the pair presents a mild bearish tone in its hourly chart, with price developing below its 20 SMA and indicators heading slightly down around their midlines. In the 4 hours chart indicators turn south in overbought levels, but lack strength at the time being. A break below mentioned Fibo support may see the pair heading back towards 1.3640/50 price zone, while above the 1.3700 figure, 1.3735 stands as immediate resistance as per being the 50% retracement of this year rally.
Support levels: 1.3675 1.3645 1.3610
Resistance levels: 1.3700 1.3735 1.3770
GBP/USD Current price: 1.7145
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The GBP/USD extended up to fresh multiyear highs of 1.7155, following better than expected UK Manufacturing PMI readings. The hourly chart shows price found support earlier today in a bullish 20 SMA currently around 1.7120, while momentum bounces from its midline after correcting the overbought reading reached yesterday. RSI in the mentioned time frame holds above 70 but is far from suggesting a downward move. In the 4 hours chart the pair maintains a strong upward momentum despite indicators stand in overbought levels, keeping the pressure to the upside
Support levels: 1.7120 1.7095 1.7060
Resistance levels: 1.7155 1.7180 1.7220
USD/JPY Current price: 101.48
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The USD/JPY advanced some on Asian hours, reaching former support area around 101.60 before retracing back. The hourly chart shows price failed to sustain gains above a bearish 100 SMA, as indicators turn south still in positive territory. In the 4 hours chart indicators present a bullish tone albeit halted around their midlines, while price stands well below moving averages: price needs to overcome mentioned 101.60 level to actually advance some, while a break below 101.20 exposes the pair to a test of 100.70 price zone.
Support levels: 101.20 100.70 100.35
Resistance levels: 101.60 102.00 102.35
AUD/USD Current price: 0.9481
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Australian dollar finally broke higher against the greenback, with the pair trading at fresh year highs and nearing the 0.9500 figure. The hourly chart shows a strong upward momentum coming from technical readings, while the 4 hours chart also shows a strong positive tone coming from technical readings. The 0.9500 figure can be reached albeit not easily broken, as long as 0.9460 attracts buyers on dips.
Support levels: 0.9460 0.9420 0.9370
Resistance levels: 0.9500 0.9550 0.9590
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