EUR/USD Current price: 1.2926


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Markets woke up this Tuesday, with Nikkei surging over 1.2% and leading to some optimism across the board, as yen crosses soared on stocks recovery. Local share markets and US futures are also strongly up, leading to some dollar losses across the board, although there are not much definitions around, as daily candles are mostly dojis. As for the EUR/USD, the pair surged up to 1.2949, where sellers capped the upside ahead of US opening. The hourly chart shows a quite neutral stance, reflecting the lack of direction of the pair, while in the 4 hours chart a slightly bullish tone persists, with buyers aligned in the 1.2880/90 price zone. A clear break of either extreme is required to set a clearer intraday trend. 



Support levels: 1.2920 1.2885 1.2840 



Resistance levels: 1.2950 1.3000 1.3040



GBP/USD Current price: 1.5109


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Pound remains limited against the greenback, by the 61.8% retracement of its latest daily run around 1.5130, from where the pair is again retracing. The hourly chart shows technical readings losing the initial upward potential seen early Europe, and price quickly approaching its 20 SMA around 1.5100. In the 4 hours chart, 20 SMA stands around the same level, reinforcing the support area, while indicators hover around their midlines:  a bearish acceleration that pushes price below 1.5090 should lead to further losses, eyeing then past week low of 1.5013



Support levels: 1.5090 1.5040 1.5010 



Resistance levels: 1.5130 1.5175 1.5210



USD/JPY Current price: 102.08


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The USD/JPY surged nearly 200 pips this Tuesday, stalling around the 23.6% retracement of this month run at 102.15. The hourly chart shows indicators steady in overbought territory, while 200 SMA caps the upside along with the Fibonacci level. In the 4 hours chart technical readings recovered the bullish tone, heading north in positive territory, and supporting further gains: price however, needs to consolidate above mentioned resistance to confirm an upward continuation towards 102.60 price zone.



Support levels: 101.80 101.50 101.20



Resistance levels 102.15 102.60 103.00



AUD/USD: Current price: 0.9673


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The AUD/USD surged towards 0.9700 on positive market mood, having again found buyers in the 0.9590 price zone. The hourly chart shows price retracing some of its gains and indicators losing upward momentum, but price steady above a bullish 20 SMA. In the 4 hours chart indicators remain in negative territory, while price stands right above a flat 20 SMA, signaling not much buying interest at the time being. Steady gains above 0.9700 may see the pair extending up to 0.9770 where next line of selling interest awaits.



Support levels: 0.9660 0.9620 0.9590 



Resistance levels: 0.9700 0.9740 0.9770















































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