EUR/USD Current price: 1.3092


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Little improvement saw the greenback this Tuesday despite up beating economic data in the US, with strong Durable goods orders, an increase in consumer confidence and New Home sales rising at its highest since 2008. US stocks ended up higher, erasing all of yesterday’s losses, which may be one of the reasons dollar refused to advance; gold on the other hand, trades near this month multi-low of $1275/oz, maintaining the strong bearish tone.


As for the EUR/USD, the hourly chart shows price consolidating below its 20 SMA and the 50% retracement of the latest bullish run at 1.3105, while indicators stand flat below their midlines. In the 4 hours chart, technical readings hold in negative territory, showing no strength either side of the board. The downside continues to be favored, although a break below 1.3060 this week low, is now required to confirm further slides in the pair.


Support levels: 1.3060 1.3035 1.3000


Resistance levels: 1.3105 1.3145 1.3180 



EUR/JPY Current price: 127.95 


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The EUR/JPY eased some, but as most of yen pairs, traded mostly in range: the pair hovers around the 128.00 level, with the hourly chart showing price stuck in between 100 and 200 SMA’s, and indicators in neutral territory.  Yen however maintains certain strength, and is no time for bulls: if anything recoveries should provide selling opportunities. Bigger time frames show technical readings holding the bearish tone, supporting the overall view.


Support levels: 127.65 127.20 126.70


Resistance levels: 128.40 128.80 129.30



GBP/USD Current price: 1.5430


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GBP/USD ends the day where it started, maintaining its neutral stance and the lack of direction. Market its taking its time to digest latest developments, and looking for a reason to made dollar advance further. The fact that Tuesday US data has not been enough may be  a bit worrisome at this time, thus not enough yet. As for the hourly chart, price stands below a flat 20 SMA and indicators below their midlines, while in the 4 hours chart the pair also presents a neutral stance.


Support levels: 1.5410 1.5370 1.5335 


Resistance levels: 1.5460 1.5490 1.5520



USD/JPY Current price: 97.76


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The USD/JPY continues to stay too close to the 97.50 area to be able to define a trend, although short term technical readings present a slightly bullish stance, with 100 SMA heading north below current price and moving away from 200 one, while indicators stand above their midlines. Lack of follow through on dollar strength and rising stocks, confirms buyers are not around and risk remains to the downside, with a break below 96.80 now required to confirm a new leg down.


Support levels:  97.50 97.10 96.80 


Resistance levels: 97.90 98.30 98.65 



AUD/USD: Current price: 0.9268


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The AUD/USD trades unchanged from latest updated, capped by 0.9300 and with not much direction in the short term, as the hourly chart shows technical readings flat in neutral territory. In the 4 hours chart there’s a slightly positive tone present, still not enough to confirm further recoveries: above 0.9300 the run may extend up to 0.9380 and only above this last, the pair will be signaling further gains with recent low around 0.9150 marking an interim bottom.  


Support levels: 0.9250 0.9200 0.9160 


Resistance levels: 0.9280 0.9320 0.9380















































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