EUR/USD -- Attention turns to 1.2206 swing low and line-in-
the-sand for short-term bulls; below here would extend the
corrective cycle in terms of time and scope; 55-DMA could absorb
selling pressure
* 3rd resistance: 1.2555, Feb. 16 high
* 2nd resistance: 1.2349, 21-DMA
* 1st resistance: 1.2260, Feb. 22 low
* Spot: 1.2225
* 1st support: 1.2206, Feb. 8 low
* 2nd support: 1.2176, 55-DMA
* 3rd support: 1.2165, Jan. 18 low
GBP/USD -- 21-DMA caps yet again; bear extension to
encounter strong support at 1.3765-37; 1.4045 trendline break
needed to confirm downside exhaustion
* 3rd resistance: 1.4045, trendline since Jan. 25
* 2nd resistance: 1.3979, 21-DMA
* 1st resistance: 1.3915, Asia session high
* Spot: 1.3911
* 1st support: 1.3857-58, Feb. 22-27 double-bottom
* 2nd support: 1.3800, Feb. 14 low
* 3rd support: 1.3779, 55-DMA
USD/JPY -- Upside is all about 21-DMA; 105.55 month lows
may be back in play
* 3rd resistance: 107.94-108.01, 21-DMA, 50% retracement of
February losses-Ichimoku base line
* 2nd resistance: 107.74, pivot r2
* 1st resistance: 107.68, Feb. 27 high
* Spot: 107.13
* 1st support: 106.73, conversion line
* 2nd support: 106.38, Feb. 26 low
* 3rd support: 105.55, YTD low
AUD/USD -- Dual MA zones strangle the pair
* 3rd resistance: 0.7934, Feb. 20 high
* 2nd resistance: 0.7879, 21-DMA
* 1st resistance: 0.7869, 55-DMA
* Spot: 0.7804
* 1st support: 0.7771, 89-DMA
* 2nd support: 0.7759, Feb. 9 low
* 3rd support: 0.7740, 233-DMA
Source: Bloomberg Pro Terminal
Trader Velizar Mitov
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