EUR/USD Current price: 1.3036


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EUR/USD has formed a near-term price bottom action as ended the past week as the cusp of breaking above 1.30. It is starting to push up to start this week. The next near-term resistance levels to challenge a bullish correction are at 1.3075 and then 1.3160. A return below 1.2925 however can revive the bearish outlook.


Support Levels: 1.2792, 1.2840, 1.2914


Resistance Levels: 1.3036, 1.3084, 1.3158


     


GBP/USD Current price: 1.5248


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The GBP/USD has been in a corrective mode over the last couple of weeks and broke above a 1.5220 pivot to close this past one. This opened up the 1.5320 resistance pivot, but first it will have to deal with a falling trendline. At this point, a break below 1.5060 will be needed to neutralize the short-term bullish outlook. Otherwise, the 1.5407, 38.2% retracement level could be the next target for the current bullish correction attempt.


Support Levels: 1.5111, 1.5143, 1.5184


Resistance Levels: 1.5257, 1.5289, 1.5330


   


USD/JPY Current price: 94.85


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The USD/JPY fell to end the week, reflecting 2 indecisive weeks for the pair. As we begin a new week, the USD/JPY is staying above last week’s low of 94.06. A break below 94.00 would also break a rising trendline going back to November and thus neutralize the bullish outlook. A break above 96.25 however could revive the bullish outlook, which remains intact. The bullish outlook has focus on the 96.70 2013-high and then the 2009-high at 101.43.


Support Levels: 93.21, 93.69, 94.08


Resistance Levels: 94.95, 95.43, 95.82


   


AUD/USD: Current price: 1.0446


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The AUD/USD stalled to end the week, but keeps a short-term bullish March trend intact. The focus is on the 1.0475 resistance pivot, and near the 78.6% retracement of the 2013 decline. At this point, a return back below 1.04 would also clear a rising trendline from March and neutralize this month’s bullish outlook.


Support Levels: 1.0383, 1.0401, 1.0422


Resistance Levels: 1.0461, 1.0479, 1.0500



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