EUR/USD Current price: 1.3006


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The EUR/USD trades in a tight range, unable to breach the 1.3000 key psychological support, yet with the upside limited below 1.3060 Fibonacci resistance. Despite dollar still leads the board and advances against most rivals, the pair refuses to set a direction, with the hourly chart showing price right above a flat 20 SMA and indicators hovering around their midlines, presenting a neutral stance. Bigger time frames maintain a bearish tone, although a break below 1.2980 is now required to confirm a new leg down.



Support levels: 1.2980 1.2945 1.2900



Resistance levels: 1.3020 1.3060 1.3105 



GBP/USD Current price: 1.5246


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Pound continues to gave up ground after worse than expected UK GDP readings, trading below 1.5270 now immediate resistance level. The hourly chart shows a strong bearish momentum coming from technical readings, while in bigger time frames the picture is the same: the pair heads towards its June low at 1.5190, while a break below this last should expose the 1.50 figure for the upcoming days.



Support levels: 1.5230 1.5190 1.5140



Resistance levels: 1.5310 1.5345 1.5380 



USD/JPY Current price: 98.27


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Challenging recent highs, the USD/JPY slowly recoups the upward tone, finding short term support in its 100 SMA, currently around 97.80. With a daily high at 98.36, and the hourly chart showing indicators aiming higher above their midlines, a break above mentioned high should favor an upward continuation towards next resistance area around 98.70. 



Support levels:  98.05 97.80 97.50



Resistance levels: 98.35 98.75 99.10



AUD/USD: Current price: 0.9310


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Despite the lack of upward momentum, the AUD/USD has managed to regain the 0.9300 level, signaling a probable bottom underway around 0.9150. The pair founds support today in rising stocks and commodities, although needs to establish above the 0.9380 resistance area, to confirm a more steady advance in the days to come. As for the short term, 0.9270 stands as immediate support, and the upward bias will hold unless a break below it.



Support levels: 0.9270 0.9230 0.9190



Resistance levels: 0.9350 0.9380 0.9410















































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