EUR/USD Current price: 1.0692
View Live Chart for the EUR/USD
Technically, the 1 hour chart shows that the price is moving below a bearish 20 SMA, whilst the technical indicators are barely bouncing from their mid-lines, lacking upward strength. In the 4 hours chart, the price has extended further below its 20 SMA, while the technical indicators have resumed their declines below their mid-lines, in line with a continued decline towards 1.0620.
Support levels: 1.0660 1.0620 1.585
Resistance levels: 1.0750 1.0800 1.0845
GBP/USD Current price: 1.5117
View Live Chart for the GPB/USD
The GBP/USD saw a limited intraday spike up to 1.5144, but for the most, remains confined to quite a limited range above the 1.5100 figure. The short term picture is neutral, as in the 1 hour chart, the price is hovering around a horizontal 20 SMA whilst the technical indicators remain stuck around their mid-line. In the 4 hours chart, the pair met selling interest around a sharply bearish 20 SMA that continues heading south above the current level, whilst the technical indicators continue correcting higher, but remain in negative territory. Overall, the pair may extend its corrective movement on renewed buying interest above the mentioned daily high, but the bearish background will hardly be affected as long as the price remains below 1.5250.
Support levels: 1.5080 1.5035 1.5000
Resistance levels: 1.5145 1.5190 1.5250
USD/JPY Current price: 123.22
View Live Chart for the USD/JPY
New range, waiting for a catalyst. The USD/JPY pair consolidates above the 123.00 level, this Monday, having little to offer to investors this Tuesday, as it trades in a 40 pips range ever since the day started. The pair has now set a new consolidative range and will need a huge catalyst to break it, which means playing the 122.80/123.60 range could be the way to trade it in the short ter. Technically, the 1 hour chart shows that the moving averages have advanced further below the current level, while the technical indicators are bouncing from their mid-lines, maintaining the downside limited. In the 4 hours chart, the technical indicators have retreated from extreme overbought levels, but lack directional strength well above their mid-lines, whilst the moving averages are slowly advancing below far below the current level. An upward acceleration through 123.80 should favor additional advances, with the market then eyeing a retest of the year high at 125.80.
Support levels: 122.80 122.50 122.20
Resistance levels: 123.80 124.25 125.00
AUD/USD Current price: 0.7043
View Live Chart for the AUD/USD
The AUD/USD pair trades near its daily low, with the bearish potential increasing ahead of the US opening as dollar's demand resurged. The 1 hour chart shows that the price is extending below its 20 SMA, whilst the technical indicators are turning south around their mid-lines, lacking strength at the time being. In the 4 hours chart, the technical indicators have resumed their declines near oversold territory, whilst the 20 SMA maintains a strong bearish slope above the current level, all of which supports a bearish continuation particularly on a break below 0.7030, the immediate support.
Support levels: 0.7030 0.6980 0.6940
Resistance levels: 0.7070 0.7110 0.7150
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