EUR/USD Current price: 1.3665


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Having been as low as 1.3628, the EUR/USD surged after US Durable Orders fell the most in five months in December, according to the latest release. The pair recovered the ground lost, surging back above 1.3660 and the hourly chart shows price aiming to recover above its 20 SMA while indicators point higher, right below their midlines. In the 4 hours chart price found support and bounced exactly from its 200 EMA, yet technical indicators maintain the negative tone seen earlier, which for now suggests not much room for further advances. Overall, the pair maintains a choppy stance, as investors wait for tomorrow’s FOMC decision and the possibility of another cut in QE before taking big chances. 


Support levels: 1.3660 1.3620 1.3580 


Resistance levels: 1.3710 1.3745 1.3790



GBP/USD Current price: 1.6604


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The GBP/USD also recovered the ground lost earlier today on the back of GDP readings. The hourly chart shows price back above 20 SMA and indicators heading north above their midlines, while the 4 hours chart shows price above its 20 SMA and indicators in neutral territory. Despite the lack of strength coming from technical indicators at the time being, bulls seem to have overcome bears, with latest candles showing long downside tails and price holding near 1.6600. 


Support levels: 1.6570 1.6530 1.6490 


Resistance levels: 1.6535 1.6560 1.6600



USD/JPY Current price: 102.67


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The USD/JPY retraced strongly from its 100 SMA in the hourly chart, now offering strong resistance in the 103.20/30 area after US disappointing numbers, with indicators also presenting a strong bearish tone albeit still holding above their midlines. The 4 hours chart shows indicators corrected extreme oversold readings yet head back south below their midlines, which maintains the pair exposed to further falls: a break below 102.47 daily low, may see the pair extending the downside towards 102.00 price zone.


Support levels: 102.40 101.90 101.60


Resistance levels: 102.85 103.20 103.50 



AUD/USD Current price: 0.8792


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Australian dollar recovery against the greenback stalled around 0.8820 strong static resistance, and the hourly chart shows price correcting lower from the level, albeit maintaining a slightly positive tone according to the hourly chart, as price stands above its 20 SMA and indicators held in positive territory. In the 4 hours chart the technical picture is also bullish, although a clear break above mentioned level is required to confirm further advances in the pair, while a break below 0.8750 on the other hand, should see the pair easing back towards recent lows around 0.8660.


Support levels: 0.8750 0.8720 0.8690


Resistance levels: 0.8820 0.8850 0.8885















































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