EUR/USD Current price: 1.3066


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The EUR/USD lost steam after a rally during the first half of the 2/28 session. In the intra-day charts, it has formed a flag pattern and broke to the downside. The pressure remains on the 1.30-1.3017 support area. Below 1.30, 1.2875 (50% retracement of the July-Jan, 1.2041-1.3710 rally) would be in sight. It will probably take a push above 1.33 to neutrali e the bearish outlook.


Support Levels: 1.2915 1.2983 1.3021          


Resistance Levels: 1.3127 1.3195 1.3233


              


GBP/USD Current price: 1.5163


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GBP/USD remained in the 1.5068-1.5220 range, with price action pressuring the 1.5220 resistance, but unable to push above. Therefore, the bearish outlook remains with the 1.50 handle in sight. Only a return above 1.53 should neutrali e the bearish outlook, but a rally above 1.5220 can also be an early indication of some bullish correction that opens up the 1.5320 resistance pivot.


Support Levels: 1.5059 1.5103 1.5132          


Resistance Levels: 1.5205 1.5249 1.5278          


   


USD/JPY Current price: 92.63


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The USD/JPY is holding above the 92.00 area, and therefore showing more of a bullish stance than the previous 2 sessions. Below 92.00 and below a rising trendline from November, the 90.30 support/resistance pivot would be in sight. Below that is the 87.75-88.00 support area. Otherwise, holding above 92.00 and returning above 93.00 would maintain the bullish outlook with the 95.00 handle in sight. There is a pivot at 92.75, so a break above that could be an early indication that bulls remain in charge.


Support Levels: 91.24 91.62 92.09


Resistance Levels: 92.94 93.32 93.79


              



AUD/USD: Current price: 1.0214


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The AUD/USD traded roughly between 1.02 and the 1.03 handle today, showing no signs of direction, although the pressure remains to the downside, with 1.0150-1.0165 key support area in sight. However, a push back above 1.03, which also breaks above a falling channel resistance would open up the 1.0375 pivot, above which AUD/USD would be back in neutral ground since it would be in the middle of a range that started mid-2012.


Support Levels: 1.0081 1.0138 1.0176


Resistance Levels: 1.0271 1.0328 1.0366 


           



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