EUR/USD Current price: 1.3290


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Data all over the world is showing signs of improvement today, with latest reading showing US deficit shrank the most in over 3 years, printing -34.2B. Nevertheless, the EUR/USD is again trying to encroach the 1.3300 level, trading a few pips below it ahead of the US opening. As per technical readings, the hourly chart presents a bullish, with 20 SMA acting as dynamic support earlier today currently around 1.3260, while indicators lose some momentum, still in positive territory. In the 4 hours chart a slightly bullish tone is present, although the neutral stance prevails. Steady gains above 1.3340, past week high, is what it takes to confirm an upward continuation in the pair these days.



Support levels: 1.3265 1.3230 1.3180 



Resistance levels: 1.3210 1.3340 1.3385



GBP/USD Current price: 1.5351


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Pound surged against the greenback up to 1.5391 following better than expected housing and manufacturing data in the UK, but retraced from the level, unable to break above a key Fibonacci resistance, 61.8% retracement of its latest daily fall. The hourly chart shows price struggling around a flat 20 SMA as indicators head south around their midlines,  more keeping the upside limited than suggesting a downward correction ahead. In the 4 hours chart technical indicators look slightly exhausted to the upside holding near overbought territory. Overall, the upside remains favored, with dips down to 1.5280 seen as buying opportunities today.



Support levels: 1.5320 1.5280 1.5250 



Resistance levels: 1.5390 1.5420 1.5460



USD/JPY Current price: 98.12


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Yen extended its advance, with the USD/JPY testing 97.83 during past Asian session, having found resistance on an advance to 98.60 mid European morning. The hourly chart shows moving averages well above current price and indicators flat right below their midlines, giving not much clues on direction, but the bearish potential is clearer in bigger time frames: below mentioned daily low, 97.50/60 area comes next.



Support levels:  97.85 97.50 97.20



Resistance levels: 98.45 98.80 99.20 



AUD/USD Current price: 0.8956


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The AUD/USD surged up to 0.9000 where sellers halted the rally as expected. The hourly chart however, maintains a short term bullish tone, with price approaching a bullish 20 SMA and momentum aiming higher in positive territory, after correcting overbought readings. In the 4 hours chart indicators turn lower above their midlines, while 20 SMA stands flat, offering support around 0.8910. Little progress should be expected unless a clear price acceleration and some consolidation above mentioned 0.9000 figure. 



Support levels: 0.8910 0.8870 0.8835 



Resistance levels:  0.9000 0.9035 0.9070















































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