EUR/USD Current price: 1.3250


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The EUR/USD tests the base of its latest range around 1.3250, as dollar gain some track after a positive manufacturing reading as no other data seems to be able to affect markets today. Asian stocks market fell strongly, giving a boost to JPY, while local share markets point for a quite neutral opening. Rumors during the weekend over a 20B QE tapering are taking their toll ahead of US opening,  with the hourly chart showing an increasing bearish potential, as indicators head south in negative territory and price stands below 20 SMA. Further slides may see the pair testing the 1.3200 area, although more losses seem limited ahead of Central Bank meetings later this week.



Support levels: 1.3250 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



GBP/USD Current price: 1.5352


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Pound also deeps, testing the base of its latest range against the greenback, with the GBP/USD having been as low as 1.5344 so far. The hourly chart presents a strong bearish tone, while the 4 hours chart shows indicators heading south right above their midlines and price stuck around its 20 SMA, maintaining a quite neutral stance. A price acceleration below current levels should lead to a test of the 1.5300 area, where buyers should halt any attempt of ease further.



Support levels: 1.5350 1.5320 1.5290



Resistance levels: 1.5410 1.5445 1.5480



USD/JPY Current price: 97.90


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Yen strength continues to be clear across the board, as the USD/JPY trades negatively, capped below its 100 DMA since the day started around 98.45. The hourly chart shows indicators aiming higher in negative territory after reaching oversold levels, but sellers remain aligned in the 98.10 price zone. In bigger time frames, technical readings present a strong bearish tone that denies the possibility of a recovery. Only a daily close above mentioned DMA may see some upward recovery over the upcoming sessions.



Support levels: 97.60 97.20 96.80



Resistance levels: 98.10 98.45 98.80 



AUD/USD Current price: 0.9230


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Little progress in the AUD/USD, that trades quite close to its weekly opening levels, although short term bearish according to the hourly chart: momentum heads south, retracing from its 100 level, as price develops below its 20 SMA. In the 4 hours chart technical indicators hold in positive territory, although turning lower and pointing for a downward continuation on  break below 0.9220 support. 



Support levels:  09220 0.9180 0.9135 



Resistance levels:   0.9270 0.9310 0.9350















































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