A verbal review of some of the pairs
EURUSD. The EURUSD has support in the 1.0600-05 area. The first test here found buyers and the price moved up to 1.0630. We are back down looking for another bid. There is some 2.8 B options expiring at tomorrow at 10 AM ET. That is a long way away but if traders want to defend the level, there could be some support. Topside resistance at 100 bar MA on 4-hour chart at 1.06409 level
USDCAD: The USDCAD bounced off the 100 day MA earlier today at 1.3192. The price rebounded up to 1.3242. The price is back down testing the 1.32000 level. The 100 hour mA at 1.3269 is a key level above.
AUDUSD: The AUDUSD (at 0.7452 now) just tested the 100 hour MA above at 0.74559. The 100 bar MA on the 4 hour chart is at 0.7430. The low for the day stalled at 0.7428. Those levels are support and resistance now. The 200 hour MA at 0.7447. After testing the 100 hour MA, will the price rotate lower? Get below the 0.7447 now.
NZDUSD: The low in the NZDUSD today stalled just above the 200 bar MA on 4-hour chart at 0.71438. The 100 hour MA is at 0.7138. The low reached 0.7145. On the topside, the 100 day MA is above at 0.7195. In the Asian session and into the London morning session, the price moved above that MA line and extended to a high of 0.72216. The USD buying sent below the MA line and the rotation to the 200 hour MA was on. We now trade between the two MAs. PS the 50% of the move down from the November high comes in at 0.71863. So key resistance at 0.71863-0.7195. Support at the 200 hour MA at 0.71438.
EURJPY: The 200 hour MA on the EURJPY comes in at 121.155 The 50% of the move up from the December low is a 121.00. We are currently trading at 121.00. Sitting on the support. Resistance now at 121.55. A break lower and the pair looks toward 120.45 (61.8% of the move higher).
