EUR/USD Current price: 1.3357


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Local share markets continue to selloff and commodities to rise, as risk sentiment over Syria keep market players on their toes. The EUR/USD was also hit by a contraction in private loans and worse than expected Italian retail sales: the pair eased from the 1.3380/90 area down towards 1.3336 where it bounced back higher. Nevertheless the hourly chart maintains a clear bearish tone, with price developing below 20 SMA and indicators head south in negative territory. Buyers wait in the 1.3290/1.3300 so further slides need to clearly breach this zone to confirm a top underway around 1.34.



Support levels: 1.3335 1.3300 1.3240 



Resistance levels: 1.3390 1.3420 1.3450



GBP/USD Current price: 1.5512


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The GBP/USD maintains the strong bearish technical tone and if something, is oil strong upward momentum which triggers some intraday bounces and prevents a stronger selloff in the pair. However, the trend prevails: the hourly chart shows price retracing from 1.5550 area, with indicators correcting oversold readings but still in negative territory. In the 4 hours chart, 20 SMA continues acting as dynamic resistance, with a strong bearish slope around mentioned high while indicators hold in negative territory. 200 EMA offers dynamic support around the daily low, in the 1.5440 area, and if below it, the bearish trend will only accelerate.



Support levels: 1.5480 1.5440 1.5400 



Resistance levels: 1.5550 1.5595 1.5630



USD/JPY Current price: 97.66


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The USD/JPY found support in a rising Nikkei that closed the day with gains, and supported the bounce higher from the 96.80 low posted in Asia. The short term outlook is bullish, as the hourly chart shows price surging to fresh daily highs and indicators in positive territory, although moving averages are way above current price, suggesting the movement will remain short lived. Expect sellers to surge on approaches to 98.20 the most today.



Support levels: 97.20 96.90 96.50 



Resistance levels: 97.90 98.20 98.45



AUD/USD Current price: 0.8896


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Trading at daily lows,  the AUD/USD accelerates south with US opening, maintaining a strong bearish tone according to technical readings both in 1 and 4 hours chart. The pair has posted a 2-year low this August at 0.8846, which comes as immediate target and support: a break below it should open doors for a longer term slide with 0.8600 then at sight. 



Support levels: 0.8885 0.8840 0.8790



Resistance levels: 0.8905 0.8935 0.8970 















































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