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Currency Technical Perspective 04.01.2009 PDF Print E-mail

EUR/USD Current price: 1.3270

The pair remains slightly pushing to the upside, despite indicators are a bit exhausted.

Volume is good pre American opening, but no good momentum seen in the hourly.

Capped in range between 1.3160/1.3330, seems unlikely the pair leave it today.

20 SMA remains under actual price quite flat to gave clear signs, while 200 EMA still keeps the bearish inclination.

Support levels: 1.3266 1.3210 1.3186

Resistance levels: 1.3298 1.3330 1.3380

GBP/USD Current price: 1.4365

Still slightly bullish, the 1.4440 strong zone has capped the upside for the moment.

Candle formations along with momentum indicator suggest further losses for the next hours if the pair manages to break under the 200 EMA dynamic support around 1.4350.

Support levels: 1.4350 1.4312 1.4258

Resistance levels: 1.4408 1.4440 1.4493

USD/JPY Current Price: 98.46

Failure to hold the 99.00 level is turning the pair bearish in hourly charts.

20 SMA has turned to the downside, while Momentum and CCI clearly point for further losses in the next hours.

Confirmation will come under today’s low at 98.22.

Volume is low for now.

Still larger time frames shown actual movement as a correction of previous day’s strength.

Support levels: 98.20 97.67 97.20

Resistance levels: 98.80 99.28 99.67

USD/CHF: Current Price: 1.1394

Hovering around 1.1400, momentum remains flat while RSI points to the downside. Moving averages are also flat loosing strength as guide in this instance, while volume remains low. Only under 1.1350 the pair can regain the bearish bias, and offer more interesting movements.

Support levels: 1.1380 1.1350 1.1320

Resistance levels:
1.1441 1.1490 1.1530

 
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