EUR/USD Current price: 1.3383
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The EUR/USD eases some this Monday, having been however confined to a 30 pips range and despite European trade balance posted a surplus above expected of 16.8B. Unchanged since previous updates, the hourly chart shows 20 SMA flat above current price, while 100 and 200 ones stand flat in the 1.3370 area, below current price. In the same time frame, indicators head slightly lower below their midlines, limiting advances in the short term. In the 4 hours chart the pair maintains a neutral stance, with the expected range still being 1.3330/1.3440.
Support levels: 1.3370 1.3330 1.3295
Resistance levels: 1.3405 1.3440 1.3485
GBP/USD Current price: 1.6729
View Live Chart for the GBP/USD
The GBP/USD trades in the 1.6720/30 price zone, with the early week opening gap still unfilled. Showing little progress ahead of US opening, indicators in the hourly chart present a mild positive tone as per heading higher above their midlines, while 20 SMA heads north below current price. In the 4 hours chart indicators lost their upward strength and stand flat above their midlines, while price develops above a bearish 20 SMA, giving no clues on upcoming moves.
Support levels: 1.6700 1.6650 1.6620
Resistance levels: 1.6730 1.6760 1.6800
USD/JPY Current price: 102.52
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The USD/JPY has managed to advance some despite US 10Y yields trading below 2.40%, supported by the positive mood among stocks traders. Nevertheless, the pair holds below the 102.80 critical price zone, where the pair not only stalled several times over the past few months, but also presents a daily descendant trend line coming from this year high. The hourly chart shows price advancing above its moving averages and indicators in positive territory, albeit lacking strength at the time being. In the 4 hours chart moving averages maintain a strong upward tone, with 100 SMA offering intraday support around 102.35, while indicators remain neutral.
Support levels: 102.30 101.95 101.60
Resistance levels: 102.80 103.10 103.45
AUD/USD Current price: 0.9318
View Live Chart for the AUD/USD
Trading at its weekly opening, the AUD/USD presents a neutral short term stance, holding below critical 0.9330 static resistance zone. At this point, little should be expected from the pair, until upcoming Asian session, when Minutes from the latest RBA meeting will be released: Governor Stevens can add some action to the pair, and the most likely scenario is that he will insists on the “overvalued” currency, trying to drag Aussie down. In that case, the key support to break stands at 0.9260, strong static midterm support.
Support levels: 0.9300 0.9260 0.9220
Resistance levels: 0.9330 0.9370 0.9410
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