EUR/USD Current price: 1.3231


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Dollar advances strongly across the board, as US data overlapped expectations: GDP come out at 1.7% while ADP survey printed 200K new jobs for July. The EUR/USD tested 1.3209, breaking temporarily below the base of its latest range, although quickly bounced higher: investors seem not bold enough to push the pair anywhere before FOMC. The hourly chart present a short term bearish tone, although indicators turned flat below their midlines, showing no real selling interest at the time being. In bigger time frames, technical readings are also slightly bearish with current candle below 20 SMA and indicators in negative territory. Still Bernanke will be the one to make it or break it for this dollar strength.



Support levels: 1.3210 1.3170 1.3140



Resistance levels: 1.3250 1.3295 1.3330 



GBP/USD Current price: 1.5152


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The GBP/USD nose dived after the news, posting a 1.5118 and maintaining a strong bearish tone as US opens in the short term: the hourly chart shows indicators heading lower with a strong momentum, while 20 SMA capped the upside earlier today, standing now around 1.5220. In the 4 hours chart technical readings are also supporting a downward continuation on a  price acceleration to fresh lows. 



Support levels: 1.5110 1.5060 1.5025



Resistance levels:  1.5170 1.5220 1.5255 



USD/JPY Current price: 98.23


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The USD/JPY surged up to 98.54 on the back of positive US data, although sellers capped the advance around 100 DMA. The hourly chart shows indicators heading higher around their midlines, but price contained below 100 SMA also around the same area. And while price stands near the high, further advances will depend on FOMC statement, with 98.80 and 99.20 ass next resistance levels to watch in case of further advances.



Support levels: 97.95 97.60 97.20 



Resistance levels: 98.45 98.80 99.20



AUD/USD Current price: 0.8966


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Trading at fresh multi months lows, the AUD/USD resumed its bearish trend and stands well below the 0.9000 mark. The hourly chart shows the bearish tone persist despite indicators are in oversold territory, while in the 4 hours chart technical readings also present a strong bearish momentum, that points for further slides. Recoveries up to 0.9085 should be seen as selling opportunities as latest daily bullish run was just corrective, and fresh lows towards 0.86 should be expecting over the upcoming days. 



Support levels: 0.8940 0.8900 0.8870



Resistance levels:   0.9000 0.9030 0.9085  















































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