EUR/USD -- bears need to defend 1.1740-80 area to keep downside prospects
intact and essentially keep the pair in a 1.15-1.18 range;below 1.1790,
euro stays defensive
* 3rd resistance: 1.1780, 38.2% Fibonacci retracement of losses
since Feb. 16
* 2nd resistance: 1.1740-50, highs in July-Aug.
* 1st resistance: 1.1733, Aug. 28 high
* Spot: 1.1687
* 1st support: 1.1614, 55-DMA
* 2nd support: 1.1595, Aug. 27 low
* 3rd support: 1.1538, 21-DMA
GBP/USD --Bulls are enjoying signals that suggest a short-
term bottom is in place (candle patterns, momentum studies).
This by no means suggests the worst is over for the U.K.
currency,
* 3rd resistance: 1.3060, 55-DMA
* 2nd resistance: 1.2958, July 19 low
* 1st resistance: 1.2932-36, Aug. 28-22 highs
* Spot: 1.2857
* 1st support: 1.2829, Aug. 27 low
* 2nd support: 1.2800, Aug. 24 low
* 3rd support: 1.2794, Aug. 21 low
USD/JPY -- Consolidates amid weak signs of bullish bias
* 3rd resistance: 112.15, Aug. 1 high
* 2nd resistance: 111.87, Aug. 3 high
* 1st resistance: 111.60, cloud top
* Spot: 111.19
* 1st support: 111.01-04, 55-, 21-DMA
* 2nd support: 110.52, Aug. 23 low
* 3rd support: 109.78, Aug. 21 low
AUD/USD -- Orbits 21-DMA as it looks for direction
* 3rd resistance: 0.7377, 55-DMA
* 2nd resistance: 0.7362, Aug. 28 high
* 1st resistance: 0.7335, 21-DMA
* Spot: 0.7310
* 1st support: 0.7259, pivot s3
* 2nd support: 0.7238, Aug. 24 low
* 3rd support: 0.7203, Aug. 15 low
Source: Bloomberg Finance L.P.
Chart: Used with permission of Bloomberg Finance L.P.
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