EUR/USD Current price: 1.3419
View Live Chart for the EUR/USD
The high expectations investors had ahead of payrolls, resulted in a dollar setback after the US added “just” 209K new jobs last month. Unemployment rate also ticked higher, up to 6.2%, and after the initial crazy spikes, the EUR/USD is up in correction mode: price approaches 1.3430, 200 SMA in the 1 hour chart and 23.6% retracement of the latest bearish run from 1.3639 to 1.3368 this week low. In the same time frame indicators present a strong upward momentum, while the 4 hours chart shows price above its 20 SMA and indicators about to cross their midlines with a strong upward slope. The critical short term level to break to confirm further advances is 1.3440, level that contained the upside for most of this week.
Support levels: 1.3405 1.3370 1.3335
Resistance levels: 1.3440 1.3475 1.3500
GBP/USD Current price: 1.6834
View Live Chart for the GBP/USD
The GBP/USD remains under pressure, having at least halted its early slide trigger by a mild weak UK Manufacturing PMI reading. The hourly chart shows price was unable to extend beyond 1.6350, with 20 SMA maintaining a strong bearish slope a few pips above and indicators holding near oversold levels. In the 4 hours chart technical readings maintain a strong bearish tone, keeping the pressure to the downside. Renewed selling pressure below 1.6815, should lead to further falls into next week.
Support levels: 1.6815 1.6770 1.6735
Resistance levels: 1.6850 1.6880 1.6920
USD/JPY Current price: 102.66
View Live Chart for the USD/JPY
The USD/JPY stands at fresh daily lows with US opening, heading towards 102.35 immediate support. The hourly chart shows indicators gaining bearish momentum and 100 SMA around 102.40, offering some intraday support in case of further slides. In the 4 hours chart indicators turned lower from overbought territory, also gaining bearish strength and supporting the shorter term view.
Support levels: 102.35 101.95 101.60
Resistance levels: 103.10 103.40 103.80
AUD/USD Current price: 0.9311
View Live Chart for the AUD/USD
Australian dollar advanced against the greenback with the news, but stalled a few pips below 0.9330 strong static resistance area. The hourly chart shows price above its 20 SMA and indicators heading higher in positive territory, albeit long upward shadows in candles suggest buyers are still containing the upside. In the 4 hours chart technical readings maintain a bearish tone, with 0.9260 as critical support to break to see a downward extension in the midterm.
Support levels: 0.9300 0.9260 0.9220
Resistance levels: 0.9330 0.9370 0.9420
Recommended Content
Editors’ Picks
EUR/USD declines below 1.0700 as USD recovery continues
EUR/USD lost its traction and declined below 1.0700 after spending the first half of the day in a tight channel. The US Dollar extends its recovery following the strong Unit Labor Costs data and weighs on the pair ahead of Friday's jobs report.
GBP/USD struggles to hold above 1.2500
GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.