EUR/USD Current price: 1.2945


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Market still playing QE game: better than expected Durable Orders in the US, giving signs the economy continues to improve, triggered dollar gains across the board, as US stocks turn red. The EUR/USD again approached to the elusive 1.30, before falling back yet holding above  its hourly 20 SMA and with indicators heading north nearing their midlines. In the 4 hours chart however, price stands above 20 SMA while indicators hover in neutral territory. Bulls will likely continue to dominate in the short term, as long as 1.2880/90 area holds the downside 



Support levels: 1.2920 1.2885 1.2840 



Resistance levels: 1.2950 1.3000 1.3040



GBP/USD Current price: 1.5095


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GBP/USD found again sellers in the 1.5130 area although maintains a positive tone, consolidating right below the level and with the hourly chart showing a slightly positive tone as indicators head north above their midlines, and price stands above 20 SMA. In the 4 hours chart technical readings are also heading higher in positive territory, yet unless a clear break of the Fibonacci resistance, there’s not much room for rises.



Support levels: 1.5070 1.5020 1.4990 



Resistance levels: 1.5130 1.5175 1.5210



USD/JPY Current price: 101.12


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Yen strengthens across the board as stocks remain under pressure, with the USD/JPY below 101.20, key Fibonacci resistance as it stands for the 38.2% retracement of this month rise. The hourly chart shows indicators gaining bearish momentum as 100 and 200 SMAs converge around 102.40. In bigger time frames, technical reading also point for a downside acceleration, while price so far has held above 100.80 immediate support. Once below, next support will be around the 99.60/70 area, where the 61.8% retracement of the same rally stands along with former highs.



Support levels: 100.80 100.30 99.70



Resistance levels 101.20 101.60 102.10



AUD/USD: Current price: 0.9677


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Australian dollar remains unable to recover ground, trading against the greenback below the 0.9700 level, and with the hourly chart showing 20 SMA capping the upside, and indicators below their midlines. In the 4 hours chart price remains contained by a bearish 20 SMA that heads lower above current price. The bearish dominant trend is quite strong still to attract sellers on spikes, while a break below 0.9650/60 area will likely accelerate the negative bias of the pair.



Support levels: 0.9660 0.9620 0.9580



Resistance levels: 0.9710 0.9740 0.9770 















































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