EUR/USD Current price: 1.3517


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Having started the day with a slightly positive tone, the EUR/USD slowly losses its upward potential, consolidating a few pips above the 1.3500 level ahead of US opening. The hourly chart shows price around a flat 20 SMA and indicators horizontal in neutral territory, giving no clues on upcoming direction. In the 4 hours chart, indicators corrected extreme oversold readings and bend lower in negative territory, while 20 SMA capped the upside a couple of times already this Tuesday, offering now dynamic resistance around 1.35350. When it comes to market sentiment, Nikkei lost big over past Asian session, albeit US indexes point to open with some modest gains. If stocks recover ground, the EUR may advance further yet steady gains above 1.3550 are required to erase at least temporarily, current negative tone.


Support levels: 1.3505 1.3470 1.3440 


Resistance levels: 1.3520 1.3550 1.3590 



GBP/USD Current price: 1.6292


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The GBP/USD eases back after reaching a daily high of 1.6343, turning short term bearish according to the hourly chart, as current candle develops below 20 SMA and indicators turned south around their midlines. The upward corrective movement seen earlier today seems to be completed, and another test of the 1.6250 area seems likely if price remains below 1.6310 areas. In the 4 hours chart technical indicators corrected partially the extreme oversold readings reached over the last few days and turned back lower, supporting the shorter term view. 


Support levels: 1.6250 1.6210 1.6175


Resistance levels: 1.6310 1.6340 1.6385



USD/JPY Current price: 101.37


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The USD/JPY found a temporal bottom at 100.74 and recovered some ground, amid far from suggesting the bearish run is over: the hourly chart shows 100 and 200 SMAs still heading south above current price, with the shorter one around 102.00, level that will likely attract sellers if reached. Indicators in the mentioned time frame point higher above their midlines, supporting a continuation of current upward move in the short term, but the 4 hours chart shows the bearish tone prevails. Immediate resistance comes around 101.60 and unless above it, bulls have little chances today.


Support levels: 101.10 100.60 100.20


Resistance levels: 101.60 102.00 102.40



AUD/USD Current price: 0.8761


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RBA governor Stevens delivered, as expected, a more hawkish economic stance, sending the pair up to 0.8913 so far today. Consolidating nearby, the hourly chart shows indicators in extreme overbought levels still heading higher, while 20 SMA maintains a strong upward slope now above the key 0.8820 level. In the 4 hours chart the technical picture is also bullish, with price holding above 200 EMA first time since mid January, offering now dynamic support around 0.8880. Renewed buying interest beyond current high should see the pair extending its gains towards 0.8950 price zone, strong static resistance.  


Support levels: 0.8880 0.8845 0.8820


Resistance levels: 0.8915 0.8950 0.8990 
















































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