EUR/USD Current price: 1.3648


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The EUR/USD is quickly recovering the ground lost after The Banque de France’s Noyer stated that any rise in the euro would be negative, sending the pair down to 1.3602. Market attention continues to split in between emerging market currencies in a while ride and upcoming FED monetary policy decision, with safe havens for now, leading the way. The EUR/USD saw a temporal break below the base of a short term triangle, but current hourly candle opened again inside the figure, still not confirming further bearish pressure. In the same time frame, indicators present a slightly negative tone, while the 4 hours chart also presents a slightly negative tone. The upside remains limited as long as below the descendant trend line currently around 1.3685 and a clear advance above it is required to reverse current short term bearish tone.


Support levels: 1.3630 1.3585 1.3550


Resistance levels: 1.3685 1.3710 1.3745 



GBP/USD Current price: 1.6551


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The GBP/USD stands near its daily lows, albeit contained in a tight range for the day, far from showing the volatility of other currencies today. The hourly chart shows price below its 20 SMA and indicators entering negative territory, while the 4 hours chart shows a slightly negative tone amid lower highs and lower lows. However, price hovers around its 20 SMA, showing little strength either side of the board. Sellers are now defending the 1.6600 area, while bearish momentum will likely surge on a break below 1.6530, recent lows.


Support levels: 1.6530 1.6490 1.6450


Resistance levels: 1.6610 1.6535 1.6560 



USD/JPY Current price: 102.09


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Risk aversion is keeping the yen on demand, with the USD/JPY trading in the 102.00 area after reaching a daily low of 101.98. The hourly chart presents a strong bearish momentum, with indicators heading south in oversold levels, and moving averages well above current price, supporting further slides. In bigger time frames the technical stance is also clearly bearish, with recent lows at 101.75 as immediate level to take to confirm a downward continuation today.


Support levels: 101.75 101.40 101.00


Resistance levels: 102.40 102.80 103.10



AUD/USD Current price: 0.8742


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AUD/USD tested the 0.8820 level during past Asian session, again rejected from the key resistance area. The hourly chart presents a strong bearish tone, as price broke below its 20 SMA while indicators head south below their midlines, supporting further slides. In the 4 hours chart current candle opened below its 20 SMA while indicators head strongly south around their midlines, almost confirming a bearish continuation for today, moreover if risk aversion prevails.


Support levels: 0.8720 0.8690 0.8660


Resistance levels: 0.8775 0.8820 0.8850 















































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