EUR/USD Current price: 1.3499


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Italian political woes, US GDP and employment readings triggering gains in stocks, nothing seems to be enough to take the EUR/USD far from the 1.3500 level, where the pair has been stuck for most of this week with limited spikes either side of the board. Short term technical readings present a slightly bearish but mostly neutral stance, with indicators flat around their midlines in the hourly chart. Dollar however, has little room to advance against most rivals, favoring short term gains in the pair for today.


Support levels: 1.3490 1.3450 1.3415 


Resistance levels: 1.3530 1.3570 1.3615



GBP/USD Current price: 1.6034


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The GBP/USD was hit by worse than expected UK data, although holds so far above the 1.6020 area, immediate short term support. The hourly chart shows price below a bearish 20 SMA and indicators heading lower in negative territory, yet further slides below mentioned level are required to confirm a short term downward continuation that will face buying interest around 1.5970. Further recoveries from current price zone that extend above 1.6060, will deny the possibility of a downward correction, signaling a probable retest of 1.6100.


Support levels: 1.6020 1.5970 1.5920


Resistance levels: 1.6060 1.6100 1.6130 



USD/JPY Current price: 99.02


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The USD/JPY surges since early Asian session, on the back of a possible reduction in the corporate tax rate in Japan. Positive US data, along with rising stocks are doing the rest, with the pair trading right above the 99.00 level. Technically bullish in the short term, the pair is testing its 100 DMA at 99.05 acting as immediate resistance level, while the hourly chart shows price above moving averages and indicators in positive territory, supporting more gains for the upcoming hours. 


Support levels: 98.80 98.40 97.90 


Resistance levels: 99.05 99.35 99.70



AUD/USD Current price: 0.9371


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The AUD/USD continues to falter around 0.9400, as despite breaching the daily ascendant trend line during the Asian session, the pair was unable to extend gains beyond the figure. Currently easing, the hourly chart presents a quite neutral technical stance, with price aiming to break below its 20 SMA and indicators barely above their midlines. In the 4 hours chart the bearish tone prevails, with a break below 0.9330 weekly low, pointing for a stronger fall down to 0.9260 price zone.


Support levels: 0.9330 0.9300 0.9260


Resistance levels: 0.9420 0.9450 0.9490 
















































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