The EUR/USD traded inside past Wednesday range this Thursday in a consolidative/corrective day. Bullish attempts where again capped below 1.3560 price zone, with the EUR/USD ending the day near recent lows around 1.3425. Hourly chart lacks direction as per the pair trades around a flat 20 SMA while indicators turn flat below their midlines. In the 4 hours chart the pair holds a clearer bearish tone with 20 SMA capping the upside and indictors holding below their midlines. Intraday unchanged, daily candle shows a long upper shadow while momentum heads strongly south, supporting more slides for Friday.
Support levels: 1.3425 1.3390 1.3350
Resistance levels: 1.3520 1.3565 1.3590
Ending the day with some gains, the GBP/USD also traded in early week range this Thursday, entering Asian session with hourly chart mostly flat as per recent consolidative stage. The indicators are horizontal around their midlines while price is hovering around and also flat 20 SMA. In the 4 hours chart, the bullish run seen during past American session was contained by a strongly bearish 20 SMA, suggesting no changes in current bearish bias unless a clear break of this last.
Support levels: 1.5740 1.5710 1.5660
Resistance levels: 1.5770 1.5815 1.5850
The USD/JPY continues trading in a 20 pips range daily basis, lacking definitions in both the 1 and the 4 hours chart. Weekly low around 76.80 is immediate support ahead of strong static price zone around 76.50 which will hardly be penetrated this week. General bias remains bearish as per market sentiment, which should keep the upside limited by 77.10, post intervention rally 61.8% Fibonacci retracement.
Support levels: 76.80 76.50 76.25
Resistance levels: 77.20 77.50 77.90
Australian dollar gave up below parity against the dollar, reaching 0.9973 late US session, and unable so far, to regain the 1.0000 level. Bias for the pair remains bearish with investors still running towards safe haven dollar. Strong slide in gold also helped Aussie lower, that technically shows an increasing bearish momentum in the 4 hours chart: a continuation rally below mentioned low should point for a test of the 0.9900 area over the upcoming sessions.
Support levels: 0.9975 0.9940 0.9900
Resistance levels: 1.0030 1.0080 1.0110
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