Pound has also lost some ground this Monday, thus remained in past day's range; falling towards past Friday low around 1.6020, hourly chart shows indicators below their midlines, and under pressure, while moving averages .
EUR/USD Current Price: 1.3570
Euro was again pressured by sovereign debt woes, as Ireland could use European Union aid to bail out cash-strapped banks, while Portugal prime minister comment this Monday about the “high risk of contagion” and that Portugal mail also need a bailout.
Technically, pair continues consolidating near daily low set barely below past week one, at 1.3562, with hourly indicators exhausted to the downside, yet price limited up by a Bearish 20 SMA and a dominating bearish tone in bigger time frames; lose of 1.3560, should signal a continuation rally towards 1.3500 level, the 50% retracement of the 1.5140/1.1870 weekly fall.
Support levels: 1.3560 1.3510 1.3480
Resistance levels: 1.3610 1.3640 1.3690
GBP/USD Current Price: 1.6035
Pound has also lost some ground this Monday, thus remained in past day’s range; falling towards past Friday low around 1.6020, hourly chart shows indicators below their midlines, and under pressure, while moving averages hold a strong bearish slope above Current Price; 20 SMA acts as dynamic resistance around 1.6060, so only a strong acceleration above that level could reverse short term bearish bias. Below 1.6020, 1.5950/60 area, past week low comes next.
Support levels: 1.6020 1.5955 1.5910
Resistance levels: 1.6060 1.6090 1.6130
USD/JPY Current Price: 83.15
Having rose to 83.25 intraday high, pair holds its bullish strength as Asian session develops, despite hourly indicators are showing some bearish divergences; Japanese yen weakness across the board support by gold price slide, should extend over the upcoming sessions; the midterm bottom set at 80.30 is much more firm at Current levels, suggesting the movement could reach the 85/86 price zone in the upcoming days. Key support area that gathers buyers, is now around 82.00.
Support levels: 82.80 82.50 82.20
Resistance levels: 83.25 83.55 83.80
AUD/USD: Current Price: 0.9837
Pair is starting the day below the 0.9855 level, the 61.8% retracement of last daily bullish run, having been capped below the level for the last hours, where we find also 20 SMA, giving resistance and turning the pair bearish for the upcoming hours. Having set a low at 0.9810 immediate support, lose of this last should support a continuation rally towards 0.9720 price zone. The upside now should remain limited by 0.9920, 50% retracement of the same rally and daily high.
Support levels: 0.9810 0.9770 0.9720
Resistance levels: 0.9855 0.9880 0.9920