Technical levels for the major currency pairs today 04/24/2017

24.04.2017 / 14:02

Rating:

EUR/USD -- Strong relief rally unable to slice through 1.0934-36 resistance
3rd resistance: 1.0997, 100-week MA
2nd resistance: 1.0954, Nov. 10 high
1st resistance: 1.0937, 55-week MA
Spot: 1.0870
1st support: 1.0821, weekly ichimoku baseline
2nd support: 1.0778, April 20 high
3rd support: 1.0738, April 21 high

EUR/JPY -- Fading activity kicks in at thin ichimoku cloud area and 76.4% Fibonacci at ~121
3rd resistance: 122.25, March 17 high
2nd resistance: 121.84, March 21 high
1st resistance: 120.99-121.01, 76.4% of March 13-April 17 fall ichimoku cloud
Spot: 119.49
1st support: 118.79, April 5 high
2nd support: 118.60, 38.2% Fibonacci of April 17-24 rise
3rd support: 118.17, April 7 high

USD/JPY -- Rally stumbles at 61.8% Fibonacci at 110.65
3rd resistance: 111.58, April 10 high
2nd resistance: 110.94, April 11 high
1st resistance: 110.65, 61.8% Fibonacci of March 31 move down
Spot: 110.11
1st support: 109.49, April 20 high
2nd support: 108.72, April 20 low
3rd support: 108.32, April 18 low

AUD/USD -- Responds higher to last week’s positive RSI divergence
3rd resistance: 0.7644, 61.8% Fibonacci of March-April fall
2nd resistance: 0.7611-15, April 17 high, 55-DMA
1st resistance: 0.7596, April 18 high
Spot: 0.7580
1st support: 0.7539, Asia low
2nd support: 0.7516, April 21 low
3rd support: 0.7492, April 19 low

GBP/USD -- Sideways consolidation persists
3rd resistance: 1.2989, 55-week MA,
2nd resistance: 1.2905, April 18 high
1st resistance: 1.2870, Asia high
Spot: 1.2824
1st support: 1.2757, April 21 low
2nd support: 1.2728, Dec. 13 high
3rd support: 1.2706, Feb. 2 high

EUR/GBP -- Intraday rally losing steam at 21-DMA
3rd resistance: 0.8551-60, 100-DMA, 55-DMA
2nd resistance: 0.8525, 233-DMA
1st resistance: 0.8511, 21-DMA
Spot: 0.8475
1st support: 0.8414, April 20 high
2nd support: 0.8452, April 21 low
3rd support: 0.8314-05, April 18, Dec. 5 low

USD/CHF -- Short-covering after aggressive gap down
3rd resistance: 1.0067, April 13 high
2nd resistance: 1.0029, 55-DMA
1st resistance: 1.0000-09, April 21 high, April 13 low
Spot: 0.9974
1st support: 0.9856, Asia low
2nd support: 0.9832, March 28 low
3rd support: 0.9814, March 27 low

EUR/NOK -- Consolidates near 2017 highs
3rd resistance: 9.3839, Aug. 4 low
2nd resistance: 9.3526, Sept. 1 high
1st resistance: 9.3355, Asia high
Spot: 9.2787
1st support: 9.2177, April 20 mid price
2nd support: 9.1945, April 19 high
3rd support: 9.1615, April 19 mid open/close price

Source: Bloomberg

Junior Trader Ivan Ivanov

Varchev Traders

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Technical levels for the major currency pairs today 04/24/2017

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