EUR/USD -- Also closes above 21-DMA; bulls comforted by 55-
DMA defining lower end of range; 1.2450 resistance in play
* 3rd resistance: 1.2555, YTD and 3-year high
* 2nd resistance: 1.2469, 78.6% Fibonacci retracement of drop
since Feb. 16
* 1st resistance: 1.2444-46, March 7-8 double-top
* Spot: 1.2396
* 1st support: 1.2344, 21-DMA
* 2nd support: 1.2315, March 13 low
* 3rd support: 1.2268, 55-DMA
GBP/USD -- Pound closes above 21-DMA first time in a month
as it negates bearish trend starting on Jan. 25; bullish
momentum needs 55-DMA to keep supporting, see earlier story here
* 3rd resistance: 1.4070, Feb. 26 high
* 2nd resistance: 1.4028, 50% retreat of drop since YTD high
* 1st resistance: 1.3994-97, March 13-Feb. 27 highs
* Spot: 1.3969
* 1st support: 1.3920, 21-DMA
* 2nd support: 1.3866, 55-DMA
* 3rd support: 1.3782-88, March 8-9 lows
USD/JPY -- Bulls test 21-DMA resistance, now at 106.60, as
trendline since Feb. 21 still caps
* 3rd resistance: 107.51, base line
* 2nd resistance: 107.29, March 13 high
* 1st resistance: 107.07, trendline
* Spot: 106.82
* 1st support: 106.26-27, March 13 low-conversion line
* 2nd support: 105.89, March 8 low
* 3rd support: 105.25, YTD low
AUD/USD -- Capped by 55-DMA, bearish trend questioned
* 3rd resistance: 0.7988, Feb. 16 high
* 2nd resistance: 0.7934-35, Feb. 20-19 double-top
* 1st resistance: 0.7891-93, 55-DMA, Feb. 26 high
* Spot: 0.7876
* 1st support: 0.7840, 21-DMA
* 2nd support: 0.7772-73, March 7-8 double-bottom
* 3rd support: 0.7713, March 1 low
Source: Bloomberg Pro Terminal
Trader: Velizar Mitov
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