EUR/USD Current price: 1.2998


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Dollar is up across the board with not much reason behind than USD/JPY triggering stops above 100.00, and dragging the rest of the market with it. The EUR/USD tests the lows of its recent range with the hourly chart showing a strong bearish momentum that supports further slides ahead. A bit risky at the time being, as market hardly dares to break key supports ahead of ECB and US Payrolls, an acceleration below 1.2980 still will increase the risk of further falls, short term towards 1.2900/40 area, but eyeing 1.2880 strong midterm support.



Support levels: 1.2980 1.2940 1.2900



Resistance levels: 1.3090 1.3130 1.3165



GBP/USD Current price: 1.5152


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Pound breaks to fresh lows against the greenback, trading below the 78.6% retracement of its latest bullish run around 1.5165, former low and now short term immediate resistance. Having been as low as 1.5135 ahead of the US opening, the pair presents a bearish tone according to the hourly chart, with indicators heading south below their midlines, and price moving away from its 20 SMA, that slowly gains a bearish slope. In the 4 hours chart bearish momentum is even stronger, pointing for a test of the 1.5110 area in the short term, as long as mentioned resistance holds.



Support levels: 1.5140 1.5100 1.5060



Resistance levels: 1.5165 1.5200 1.5250 



USD/JPY Current price: 100.37


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The USD/JPY broke above 100.00, giving a kick start to dollar gains across the board: trading at fresh daily highs, the hourly chart shows a strong upward momentum,  and retracements to the key psychological support will now be seen as buying opportunities. Short term, the pair has a strong resistance around 100.70 now, next probable target. A break above the level should signal further advances, eyeing this year high of 103.70.



Support levels: 100.00 99.65 99.20



Resistance levels: 100.70 101.10 101.45



AUD/USD: Current price: 0.9145


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With a dovish RBA the AUD is back under pressure, heading towards its recent low of 0.9100 against the greenback. The hourly chart shows 20 SMA heading lower above current price as indicators accelerate south below their midlines, supporting a bearish continuation. In the 4 hours chart technical readings are also bearish, with 0.9200 now attracting sellers.



Support levels: 0.9110 0.9060 0.9020



Resistance levels: 0.9170 0.9200 0.9250















































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