EUR/USD Current price: 1.2835


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Market is taking some profits outside the table ahead of a long Easter weekend, while US data came below expectations, giving some short term support to the pair. Short term bullish, the hourly chart shows indicators heading north above their midlines as price develops above 20 SMA, nearing 1.2840 immediate resistance ahead of stronger one around 1.2880. This last should cap the upside, and attract sellers if reached. In the 4 hours chart price struggles now around a strongly bearish 20 SMA, while indicators aim higher still in negative territory, suggesting current upward corrective movement may be close to its end. 



Support levels: 1.2800  1.2760 1.2735 



Resistance levels: 1.2840 1.2880 1.2910



GBP/USD Current price: 1.5166


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Pound extends its recovery, nearing 1.5175 daily high posted early Europe, and with a bullish outlook according to the hourly chart that shows price above moving averages and indicators heading higher in positive territory. In bigger time frames however, technical readings maintain a negative bias, which suggest current recovery will remain limited. Steady gains above mentioned daily high, may see the rally extending up to 1.5220 next resistance area, while above this last 1.5260 comes next.



Support levels: 1.5130 1.5090 1.5060 



Resistance levels: 1.5170 1.5220 1.5260



USD/JPY Current price: 94.07


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Although range bound the USD/JPY maintains a bearish outlook, as the hourly chart shows 100 SMA again capping the upside today. Price hovers around key 94.10, 38.2% retracement of last years’ fall, while indicators turn slightly south below their midlines. In the 4 hours charts technical readings maintain a neutral stance at the time being. Key support comes at 93.50, this week low, while gains remain limited to the 94.50/80 price zone.



Support levels: 93.90 93.50 93.20



Resistance levels: 94.50 94.85 95.10



AUD/USD: Current price: 1.0412


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The AUD/USD extended its slide up to 1.0395, where the pair began a shy bounce higher. Still, the hourly chart maintains the bearish tone, and current upward movement seems mostly corrective. In the 4 hours chart indicators head south in bearish territory, supporting the downside continuation with 1.0360 now at sight.



Support levels: 1.0390 1.0360 1.0330



Resistance levels: 1.0450 1.0500 1.0550 







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