EUR/USD Current price: 1.3531


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The EUR/USD managed to recover from sub 1.35 levels, despite things does not look good either side of the Atlantic. However, Italian woes can’t match an US government shut down, favoring short term EUR gains. The pair however, seems unable to take over the 1.3560/70 area, that continues to limit the upside, and retraces some of its intraday gains. The hourly chart shows price steady above 20 SMA and indicators in positive territory, although losing the upside potential. In the 4 hours chart technical readings maintain a bullish tone, all of which leaves little room to the downside despite the ongoing risk aversion sentiment among investors.


Support levels: 1.3490 1.3460 1.3420


Resistance levels: 1.3535 1.3570 1.3615 



GBP/USD Current price: 1.6150


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The GBP/USD consolidates near its recent highs, presenting a slightly bearish tone according to the hourly chart as price hovers around 20 SMA and indicators enter negative territory. In the 4 hours chart  however, the pair maintains the strong upward momentum seen with the weekly opening, favoring another leg higher in the pair. Dips should remain shallow and attract buyers in case of later turmoil. 


Support levels: 1.6100 1.6060 1.6020 


Resistance levels: 1.6160 1.6200 1.6240



USD/JPY Current price: 97.71


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The USD/JPY extended the downside printing 97.48 before bouncing some. The hourly chart shows price well below moving averages, that extend their bearish slope in the 98.50/70 area, while indicators head higher still in negative territory. In bigger time frames, risk of further falls increases as price stands below 200 DMA, first time since November 2012. 


Support levels: 97.60 97.30 96.90


Resistance levels: 97.90 98.40 98.80 



AUD/USD Current price: 0.9328


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The AUD/USD managed to hold the 0.9300 figure, extending up to 0.9336 so far today, and presenting a slightly positive tone in the hourly chart, as price stands above a flat 20 SMA while indicators hold in positive territory. In the 4 hours chart however, price stands below 20 SMA and indicators in negative territory, leaving little room for gains in the short term. 


Support levels: 0.9280 0.9240 0.9200


Resistance levels: 0.9335 0.9370 0.9410 















































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