EUR/USD Current price: 1.3505

Market has remained range bound this Tuesday, with risk aversion still high; several news hit the wires, leaving investors uncertain on where to turn to: in the US GDP come below expectations, while FOMC Minutes that shown some members said the economic outlook "might warrant additional policy accommodation". In Europe, the debt issues particularly in Spain and Italy, kept the Euro pressured as stocks slide most of the day. The EUR/USD enters Asian session hovering around 1.3500, lacking direction according to indicators both in the 1 and the 4 hours time frames. Moving averages are flat, while indicators hover around their midlines, although overall bias remains bearish for the pair, as long as capped below 1.3550/60 area short term talking

Support levels: 1.3485 1.3450 1.3420

Resistance levels: 1.3520 1.3565 1.3615

GBP/USD Current price: 1.5633

Intraday unchanged, the GBP/USD reached 1.5581 fresh monthly low before bouncing back above the 1.5610 strong static support area, as per being the 61.8% retracement of latest daily bullish run. Hourly chart shows price below a flat 20 SMA while indicators head slightly south below their midlines, lacking strength. In the 4 hours chart, momentum heads south with more aims, supporting a bearish continuation rally for this Wednesday.

Support levels: 1.5610 1.5570 1.5540

Resistance levels: 1.5685 1.5730 1.5770

USD/JPY Current price: 76.97

The USD/JPY jumped higher on dollar gains after US GDP risk aversion spike. However, the pair remained contained by strong 77.10 static resistance area and retreated back below 77.00. Trading in a quite tight range the pair continues holding the overall bearish tone as long as closing days below mentioned resistance zone.

Support levels:  76.70 76.50 76.20 76.00

Resistance levels: 77.10 77.45 77.70

AUD/USD Current price: 0.9836

Quoting as the same levels as yesterday, the AUD/USD also traded in range this Tuesday, despite stocks slides. Hourly chart shows price below a slightly bearish 20 SMA, while indicators head south below their midlines, keeping the overall bearish trend pretty much intact. 4 hours indicators are also biased to the downside supporting the view: a break of recent lows around 0.9800 should then signal the beginning of a new bearish rally towards 0.9720 in the short term.

Support levels: 0.9800 0.9765 0.9720

Resistance levels: 0.9870 0.9900 0.9940

New to forex? Visit our Glossary!

Today you will find the term, Base Price.