EUR/USD Current price: 1.3749


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Action is going on in stocks markets rather than among currencies that shown little progress over the last sessions: European markets stand at 5 years highs while US indexes soared yesterday and point for another day of gains. Expectations among investors are that the FED will maintain its massive stimulus which keeps the strong demand on high yielders, and does little for the greenback at the end. 


Nevertheless, the EUR/USD stands close to the 1.3732 6 day low reached early Europe, having reached a high of 1.3777 and retracing some gains after worse than expected US data. Still the pair holds above its 20 SMA in the hourly chart, while indicators bounce from their midlines, showing little bearish strength. In the 4 hours chart the bearish tone seen on previous updates prevails, although a clear below 1.3710 is required to confirm further short term slides.


Support levels:  1.3740 1.3710 1.3670


Resistance levels: 1.3780 1.3810 1.3835



GBP/USD Current price: 1.6066


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The GBP/USD bounces from a short term floor established at 1.6020, holding right above 1.6060 and with the hourly chart showing indicators maintaining a quite neutral stance, as per being flat around their midlines. In the 4 hours chart, the pair is still biased lower according to technical readings as per 20 SMA acting as dynamic resistance around 1.6115 and indicators steady in negative territory. A recovery above this last however, should signal a stronger recovery ahead towards 1.6200 for the upcoming sessions.


Support levels: 1.6060 1.6015 1.5970 


Resistance levels: 1.6080 1.6115 1.6150



USD/JPY Current price: 98.21


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Barely unchanged, the USD/JPY holds in a tight range, right below its 100 DMA around 98.40. The hourly chart shows no actual momentum either side of the way, and the pair destiny will depend on FED’s decision: either above 98.40 or below 97.50 the pair will likely set a clearer trend for the upcoming sessions.


Support levels: 97.90 97.50 97.00 


Resistance levels: 98.40 98.80 99.10



AUD/USD Current price: 0.9498


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The AUD/USD saw some demand on an approach to strong 0.9450 support level, although was unable to regain the 0.9500 psychological figure, still under risk of more slides. The hourly chart shows a slightly positive technical tone with indicators heading north above their midlines and price developing above 20 SMA, while the 4 hours chart maintains the negative tone. Only steady gains above 0.9510 Fibonacci level, may favor some short term gains in the pair.


Support levels: 0.9450 0.9420 0.9380


Resistance levels:  0.9510 0.9540 0.9590















































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