EUR/USD Current price: 1.0631
View Live Chart for the EUR/USD
Support levels: 1.0590 1.0550 1.0510
Resistance levels: 1.0650 1.0690 1.0730
GBP/USD Current price: 1.5138
View Live Chart for the GPB/USD
The GBP/USD pair fell down to 1.5124 on the back of dollar's demand, but has managed to bounce some, following a sharp recovery in oil prices, due to some comments coming from Saudi Arabia's producers, which are willing to do whatever it takes to stabilize the oil market. The GBP/USD 1 hour chart shows that the technical indicators are correcting from oversold territory, but remain deep in the red whilst the 20 SMA heads sharply lower above the current level, maintaining the risk towards the downside. In the 4 hours chart, a bearish tone prevails, as the price has fallen further below its 200 EMA, whilst the technical indicators lack directional strength near oversold levels.
Support levels: 1.5120 1.5085 1.5050
Resistance levels: 1.5160 1.5190 1.5220
USD/JPY Current price: 123.16
View Live Chart for the USD/JPY
The USD/JPY pair regained the 123.00 during the Asian session, and despite Japan banks were closed on holidays, limiting volatility at the beginning of the day. The pair however, has lost its upward strength and is currently consolidating around its 100 SMA in the 1 hour chart, where the technical indicators have turned slightly lower, but are still well above their mid-lines, far from suggesting a downward move. In the 4 hours chart, the Momentum indicator is aiming higher around its 100 level, whilst the RSI stands horizontal around 53, all of which limits chances of a bearish movement during the American session, although lacks enough strength to confirm an upward continuation.
Support levels: 123.05 122.60 122.20
Resistance levels: 123.40 123.75 124.10
AUD/USD Current price: 0.7176
View Live Chart for the AUD/USD
The Aussie was among the most affected by oil prices' decline during the Asian session, falling down to 0.7158 against the greenback. The AUD/USD pair bounced back towards the 0.7200 level on Saudi's authorities comments, yet selling interest surged around the 0.7200 level. Short term, the 1 hour chart shows that the price remains below a bearish 20 SMA, whilst the technical indicators have resumed their declines below their mid-lines, pointing for additional declines, particularly on a break below 0.7150, a strong static support. In the 4 hours chart, the technical indicators have erased all of their overbought readings and are about to cross their midlines towards the downside, whilst the price is hovering around a mild bullish 20 SMA, in line with the shorter term view.
Support levels: 0.7150 0.7110 0.7070
Resistance levels: 0.7200 0.7240 0.7285
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