EUR/USD Current price: 1.3245


View Live Chart for the EUR/USD


e


Worse than expected German employment figures, and improved US GDP has sent the EUR/USD to a fresh 2 week low of 1.3232, unable to bounce much and maintaining a strong short term bearish tone despite the hourly chart shows indicators in oversold levels. 20 SMA bearish slope extended, and the moving average now offers dynamic resistance around 1.3300, while the 4 hours chart also show indicators biased lower although in oversold territory. Stocks positive tone are so far preventing the pair from falling further, but once below daily low, the 1.3180 key support is exposed, with a break below this last anticipating a probable selloff in the pair.



Support levels: 1.3235 1.3180 1.3140



Resistance levels: 1.3300 1.3345 13390 



GBP/USD Current price: 1.5498


View Live Chart for the GBP/USD


g


Pound maintains the negative bias against the greenback, with the pair struggling around 1.5500. the hourly chart, shows 20 SMA capping the upside around 1.5520 in the short term, while indicators head south in negative territory. In the 4 hours chart the technical picture is quite the same, with 20 SMA heading lower above current price and indicators pointing south. Price needs to break below 1.5440/50 area however, to confirm a downward continuation today.



Support levels: 1.5445 1.5400 1.5360



Resistance levels: 1.5520 1.5550 1.5595 



USD/JPY Current price: 98.28


View Live Chart for the USD/JPY


y


The USD/JPY saw a short term spike up to 98.51 after positive US news, but the upside is still seen limited, despite hourly chart shows price above moving averages, both around 97.90/98.00 and indicators heading north above their midlines. The fact that stocks reversed early gains, along with strong selling interest in the pair, are pointing for further slides ahead: a break below mentioned support should lead to more slides towards 97.20 later today.



Support levels: 97.90 97.50 97.



Resistance levels: 98.50 98.85 99.20



AUD/USD Current price: 0.8932


View Live Chart for the AUD/USD


a


Holding in range The AUD/USD trades below its 20 SMA in the hourly chart, presenting a slightly bearish tone in the short term. With a daily low around 0.8910, the pair needs to extend its slide below it to confirm more falls today, still eyeing 0.8846 low. Recoveries up to 0.90 should remain as selling opportunities. 



Support levels: 0.8910 0.8885 0.8840 



Resistance levels: 0.8935 0.8980 0.9020















































New to Forex? Visit our Glossary!