EUR/USD Current price: 1.0931
View Live Chart for the EUR/USD
Support levels: 1.0880 1.0840 1.0800
Resistance levels: 1.0960 1.1000 1.1045
GBP/USD Current price: 1.5245
View Live Chart for the GPB/USD
The UK released its money data early Europe, showing that business lending decreased in October, whist mortgage lending came out at 68.874K against previous 71.03K, but overall strong. The pair however, has extended its decline to fresh lows after the release of US data, challenging the 1.5250 support and with the technical picture in line with a bearish continuation, given that the price is below a bearish 20 SMA, whilst the technical indicators head lower below their mid-lines. In the 4 hours chart, the technical outlook also favors the downside with the 20 SMA heading lower around 1.5300 and the technical indicators lacking directional strength near oversold territory.
Support levels: 1.5210 1.5170 1.5130
Resistance levels: 1.5285 1.5320 1.5355
USD/JPY Current price: 121.04
View Live Chart for the USD/JPY
Waiting for the BOJ. The USD/JPY pair holds pretty much unchanged intraday, hovering below the 121.00 and barely reacting to US news, as investors are waiting for the BOJ meeting outcome at the beginning of Friday. Market has been largely expecting an extension of stimulus in Japan, which means the pair will hardly move to far away from the current levels. The technical outlook is bullish in the short term, as the price is advancing above its 100 SMA, whilst the technical indicators head sharply higher above their mid-lines. In the 4 hours chart, the technical picture also favors the upside, albeit selling interest will likely contain rallies around 121.40 ahead of the upcoming Asian session.
Support levels: 121.00 120.70 120.30
Resistance levels: 121.40 121.75 122.10
AUD/USD Current price: 0.7073
View Live Chart for the AUD/USD
The AUD/USD pair trades at fresh weekly lows, as dollar momentum extends despite data. Stocks trading higher and gold under pressure are weighing in the pair, which seems poised to retest the critical 0.7000 figure. Technically, the 1 hour chart shows that the price is accelerating below a strongly bearish 20 SMA, whilst the technical indicators head lower below their mid-lines. In the 4 hours chart, the technical indicators have resumed their declines, despite being in oversold levels, supporting a bearish continuation for this Thursday.
Support levels: 0.7035 0.6990 0.6955
Resistance levels: 0.7125 0.7160 0.7195
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