EUR/USD Current price: 1.3558
The EUR/USD starts a new week gapping higher amid US political crisis extending towards default: despite talks in Washington extended through the weekend no agreement has been reached yet, and the clock ticks towards debt ceiling limit, estimated for October 17th. Dollar is down against most rivals, although commodity currencies are feeling the hit of disappointing Chinese sudden drop in export data. As for the EUR/USD hourly chart, price stands above a bullish 20 SMA while indicators hold in positive territory, showing not much upward momentum at the time being. In the 4 hours chart however, technical readings present a strong upward tone, favoring a test o the 1.3600 level for today.
Support levels: 1.3530 1.3490 1.3460
Resistance levels: 1.3580 1.3620 1.3645
EUR/JPY Current price: 133.29
Yen sees some strength against most rivals after being under strong pressure over the past few days, although EUR/JPY holds steady above the 133.00 level. Technically, the hourly chart shows moving averages converging well below current price in the 132.20 area, while indicators head north approaching their midlines, still not giving clear bearish signs. In the 4 hours chart indicators head higher in positive territory, leaving little room for falls, beside maybe some short term corrections; the level to watch is the 132.40/60 area as buyers should surge if the level is tested. Only below it the pair will lose it upward potential with scope to test the 13.50 price zone.
Support levels: 133.00 132.50 132.10
Resistance levels: 133.50 133.90 134.30
GBP/USD Current price: 1.5965
Support levels: 1.5920 1.5890 1.5835
Resistance levels: 1.5980 1.6020 1.6060
USD/JPY Current price: 98.29
The USD/JPY reached 98.60 area past Friday, halting around its 100 DMA still the main resistance level to break to inspire more confidence in a bullish continuation. The hourly chart shows 100 SMA crossing to the upside 200 one, while indicators stand flat around their midlines, showing not much definitions. In the 4 hours chart indicators turn lower in overbought territory with a break below 97.90 signaling a probable bearish continuation to come.
Support levels: 98.20 97.90 97.50
Resistance levels: 98.60 99.00 99.45
AUD/USD Current price: 0.9436
Aussie fell against the greenback, bouncing from 0.9420 price zone immediate support. The hourly chart shows indicators heading slightly higher after reaching oversold territory, while 20 SMA gains bearish slope above current price. Stuck around 0.9450, the pair has shown little direction over the past few days, with the 4 hours chart showing a flat 20 SMA and indicators near their midlines, also lacking a clear direction. If something Chinese inflation readings due later today, may bring some action to the pair, but buyers are still waiting on dips towards the 0.9370 support.
Support levels: 0.9420 0.9390 0.9340
Resistance levels: 0.9490 0.9525 0.9560
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