EUR/USD Current price: 1.3085


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US data came to shaken markets from their lethargic state, with Durable Goods Orders improving beyond expectations: core reading is up to 0.7% while main one rose to 3.6% from an expected 3.0%. Improving economic conditions in the US are read in market as a faster pace for QE exit: the EUR/USD broke below 1.3100 and gains bearish momentum according to the hourly chart, although still within recent range. Weekly low stands at 1.3058 and break below it should favor a continued slide towards key psychological 1.30 level. 



Support levels: 1.3060 1.3035 1.3000



Resistance levels: 1.3105 1.3145 1.3180 



GBP/USD Current price: 1.5434


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Pound trades slightly lower after the news, but also within today’s range against the greenback, with the hourly chart showing current candle below 20 SMA and indicators heading south around their midlines, still pretty neutral. In the 4 hours chart price converges with an horizontal 200 EMA, while indicators stand in negative territory, suggesting a battle in between bears and bulls is taking place here. The levels to watch are 1.5410, and 1.5490, both extremes of latest range, as a break on any is required to confirm a more direction move.



Support levels: 1.5410 1.5370 1.5335 



Resistance levels: 1.5460 1.5490 1.5520



USD/JPY Current price: 97.59


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The USD/JPY accelerated higher with positive US news, back above the 97.50 mark. Having hovered around the level for most of the last few days, a clearer move away of either side of the level is now required to see an actual trend in the pair. In the meantime, the hourly chart shows price holding above 100 SMA and indicators aiming slightly higher still in neutral territory, giving no clear clues on direction. In bigger time frames however, the pair maintains the bearish tone, which suggests the upside will remain limited. Still, a break below 96.80 is required to confirm the bearish continuation in the pair.



Support levels:  97.50 97.10 96.80 



Resistance levels: 97.90 98.30 98.65 



AUD/USD: Current price: 0.9270


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AUD/USD found sellers in the 0.9300 level, although trades pretty close to the level, mostly in consolidation mode. The hourly chart shows price right above a flat 20 SMA while indicators turn slightly lower around their midlines, lacking strength either side of the board. In the 4 hours chart, price stands above a flat 20 SMA and indicators in positive territory, reflecting the lack of selling interest at current levels despite the trend remains bearish. A correction higher may extend up to 0.9380 if mentioned 0.9300 is broken, although more gains are not yet seen. 



Support levels: 0.9250 0.9200 0.9160 



Resistance levels: 0.9280 0.9320 0.9380















































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