EUR/USD Current price: 1.3336

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The EUR/USD trades slightly higher in a quiet Monday due to US holidays. Lack of volume keeps majors’ range bound, although dollar lost the initial momentum of the weekly opening. As for the EUR/USD, the hourly chart shows indicators slowly advancing above their midlines, while price stands above a flat 20 SMA, pointing for some more gains ahead. In the 4 hours chart however, technical readings remain in negative territory, while 20 SMA offers dynamic resistance around 1.3378 also daily high: unless a clear candle opening above this last, the upside continues seen limited, while short term buyers are still defending the 1.3300/10 area.

Support levels: 1.3310 1.3270 1.3220

Resistance levels: 1.3375 1.3410 1.3440

GBP/USD Current price: 1.5473

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The GBP/USD extended its slide up to 1.5436 before bouncing to close the weekly opening gap hitting a daily high of 1.5507. The pair maintains the bearish tone, although with not actual strength as the hourly chart shows technical readings flat in neutral territory. In the 4 hours chart technical indicators hold in negative territory, while 20 SMA also caps the upside around daily high, which keeps for now the upside limited. The pair may hold its daily range with the US closed, yet the downside is favored with 1.5260 area as probable target for this week.

Support levels: 1.5460 1.5410 1.5370

Resistance levels: 1.5510 1.5535 1.5590 

USD/JPY Current price: 93.85

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Intraday unchanged, the USD/JPY reached 94.20 before giving up its daily gains, trading steady around Asian opening. With an unfilled gap around 93.50,  the pair may give up some more ground today, yet dips are still seen as buying opportunities both in the short, and the long term. The hourly chart shows momentum bouncing from its midline, which limits slides for now, while in the 4 hours chart indicators turned flat in positive territory.

Support levels: 93.50 93.10 92.60 

Resistance levels: 94.15 94.50 94.90

AUD/USD: Current price: 1.0309

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The AUD/USD saw a limited recovery over European hours, trading steadily around the 1.0300 level. The hourly chart shows price managed to recover above 20 SMA, while indicators stand in positive territory, although losing upward momentum and turning back south. In the 4 hours chart, latest recovery has pushed indicators higher, away from oversold readings, although the upside continues to be limited, unless a clear break above 1.0370 resistance area. However, price will likely found sellers in any attempt to advance beyond 1.0330.

Support levels:  1.0300 1.0260 1.0220 

Resistance levels: 1.0330 1.0370 1.0410 

 

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