EUR/USD Current price: 1.2904


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Dollar is under short term pressure across the board, following disappointing data coming from the US: weekly unemployment rose to 360K, housing starts is down to 0.85M and CPI felt to -0.4%. EUR/USD surged up to 1.2918 on the back of news, although is having a hard time to sustain gains above the 1.2900 level ahead of US opening. The hourly chart shows indicators aiming higher near their midlines, and current candle above 20 SMA, yet little upward momentum around. In the 4 hours chart technical readings still heads south, while 20 SMA caps the upside a few pips above daily high, around 1.2930. Only steady gains above this last will point for  a short term upward continuation today.



Support levels: 1.2870 1.2840 1.2790 1.2745



Resistance levels: 1.2930 1.2970 1.3010



GBP/USD Current price: 1.5257


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After spending most of the last two sessions hovering around 1.5210 Fibonacci support, the GBP/USD finally advanced reaching 1.5280 daily high. The hourly chart shows indicators back and forth around their midlines, which means no clear direction yet around. In the 4 hours chart, 20 SMA stands around 1.5265 with a strong bearish slope, while indicators aim higher still in negative territory. Steady gains above 1.5270 should signal further gains in the pair, while failure to establish above the level should see price returning towards 1.5200/20 price zone.



Support levels: 1.5210 1.5160 1.5125



Resistance levels: 1.5270 1.5310 1.5340



USD/JPY Current price: 102.34


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The USD/JPY remains unchanged from previous updates, holding in consolidative move between 101.84 and 102.75 yesterday’s high and low. The pair is under some pressure after US negative numbers, but the hourly chart shows indicators still above their midlines and price above 100 SMA that stands now around 101.90 acting as immediate short term support. Below this last, the pair may extend its correction down to 101.25, although buying on dips is still quite an attractive trade.



Support levels: 101.90 101.50 101.25 



Resistance levels: 102.40 102.75 103.15



AUD/USD: Current price: 0.9840


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The AUD/USD extended down to 0.9796 today, now capped below 0.9850 former low and immediate resistance. Despite the hourly chart maintains a pretty neutral stance, sentiment remains bearish in the pair. In the 4 hours chart, the bearish tone has lost momentum as  indicators aim to bounce higher form oversold levels; 20 SMA however maintains a strong bearish slope, offering dynamic resistance around 0.9900.



Support levels: 0.9820 0.9790 0.9755



Resistance levels: 0.9850 0.9900 0.9940 









































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