EUR/USD -- Needs a close above 1.24 to further trouble
bears; essentially trades directionless past two months
* 3rd resistance: 1.2510, pivot r3
* 2nd resistance: 1.2476, March 27 high
* 1st resistance: 1.2422, March 28 high
* Spot: 1.2396
* 1st support: 1.2337, 55-DMA
* 2nd support: 1.2326, 21-DMA
* 3rd support: 1.2300, April 12 low
GBP/USD -- Rises to strongest level since June 24, 2016 as
close above March double-top provides boost to momentum; tests
last Fibo retracement level of drop since Brexit vote at 1.4338;
strong resistance not seen before 1.4500 handle
* 3rd resistance: 1.4606, 55-monthly MA
* 2nd resistance: 1.4517, midpoint of losses since 2014
* 1st resistance: 1.4378, pivot r1
* Spot: 1.4360
* 1st support: 1.4297, April 13 high
* 2nd support: 1.4244-45, March 27-26 double-top
* 3rd support: 1.4132, 21-DMA
USD/JPY -- Stays in bullish trajectory as 55-DMA and
Ichimoku cloud bottom (106.89) hold for now
* 3rd resistance: 107.78, April 13 high
* 2nd resistance: 107.61, April 16 high
* 1st resistance: 107.20, conversion line
* Spot: 107.01
* 1st support: 106.98, 55-DMA
* 2nd support: 106.62-70, series of lows this month
* 3rd support: 106.48, 21-DMA
USD/CHF -- Bullish channel intact, 200-MA comes into play
* 3rd resistance: 0.9657, 200-MA
* 2nd resistance: 0.9649, April 6 high
* 1st resistance: 0.9637, April 16 high
* Spot: 0.9595
* 1st support: 0.9578, April 16 low
* 2nd support: 0.9560, 21-DMA
* 3rd support: 0.9535, April 10 low
AUD/USD -- April 13 test and rejection of 55-DMA suggests
downside risks remain in place
* 3rd resistance: 0.7831, 38.2% Fibonacci retracement of losses
since Jan. 26 YTD high
* 2nd resistance: 0.7810, April 13 high
* 1st resistance: 0.7797, 55-DMA
* Spot: 0.7781
* 1st support: 0.7753-52, April 13-16 lows
* 2nd support: 0.7714, 21-DMA
* 3rd support: 0.7638-43, 78.6% Fibonacci retracement of gains
since December, March 29 low
Source: Bloomberg Pro Terminal
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