Res: 1.3800; 1.3840; 1.3868; 1.3900

Sup: 1.3744; 1.3720; 1.3700, 1.3670

Cable stalled on approach to psychological 1.7000 barrier and pulled back to 1.6830 zone, triggering daily and weekly close in red and signaling possible stronger pullback in larger bull-trend. Reversal was so far contained by daily 20SMA and just above previous peaks, keeping overall bulls so far intact and marking current easing a technical pullback, before fresh attempts higher. On the other side, negative near-term studies and daily indicators in descending mode from overbought territory, keep the downside risk in play. Confirmation of negative scenario, however, requires clear break below higher platform at 1.6760 zone, to confirm. Otherwise, the upside targets will remain in near-term focus, with regain of 1.69 handle, required to confirm bulls back in play.

Res: 1.6900; 1.6918; 1.6973; 1.6995

Sup: 1.6800; 1.6760; 1.6730; 1.6700

The pair closed below 102 barrier, marking weekly close in negative tone, with daily indicators in negative zone, maintaining downside risk on the larger picture. On the other side, lower timeframes studies hold neutral stance, after near-term price action stabilized above 101.20, short-term ****, averting immediate risk of violation of strong 101.20 / 100.74 support, in favor of extended consolidation. Gains so far hold below 102 resistance, keeping sideways mode in play, despite improved hourly studies. Only sustained break above 102 barrier and lower top at 102.18, to signal double-bottom formation and fresh recovery attempt.

Res: 102.00; 102.18; 102.40; 102.78

Sup: 101.42; 101.31; 101.20; 101.00

The Aussie holds positive near-term tone against the greenback, as bounce from 0.92 **** retraced nearly 76.4% of the pullback from 0.9460 to 0.9204. Daily cup-and-holder pattern is nearly completed, with clear break above 0.9380 required to confirm and open way for final push towards key 0.9460 barrier, 10 Apr high. The overall picture remains bullish, as near-term price action is underpinned by double bull-cross at 0.9150 zone; 20/200 and 55/200SMA’s. Break above 0.9460 top to confirm bullish resumption and open psychological 0.95 barrier next. Conversely, break below trendline support 0.9300 to delay, while only loss of 0.92 handle will be bearish

Res: 0.9377; 0.9393; 0.9424; 0.9460

Sup: 0.9346; 0.9317; 0.9300; 0.9250

Res: 1.3773; 1.3800; 1.3840; 1.3868

Sup: 1.3744; 1.3720; 1.3700, 1.3670

Cable remains at the back foot in the near term, after recovery attempt from fresh low at 1.6829, run out of steam at initial 1.69 barrier. Near-term technicals are negatively aligned and keep the downside at risk, while the price holds below 1.69 handle. Fresh weakness through 1.6821, previous high and psychological 1.68 support, also near 38.2% retracement of 1.6464/.6995 ascend, is required to confirm reversal and open 1.6760 higher platform and 1.6730, rally’s mid-point. Conversely, sustained break above 1.69 barrier, would bring bulls fully in play and signal an end of near-term corrective phase, for fresh attempt towards psychological 1.7000 resistance.

Res: 1.6900; 1.6932; 1.6973; 1.6995

Sup: 1.6861; 1.6829; 1.6800; 1.6760

The pair regained strength and eventually broke through 102 barrier, extending near-term recovery off 101.40 higher ****. Neat-term studies turned positive and keep further upside favored for now, with next targets laying at 102.70, mid-point of 104.11/101.31 fall/ daily cloud top and 103, range top. Clear break of the latter is required to break above 101.20/103 congestion and resume recovery. Otherwise, further range trading would likely near-term scenario. However, still negative daily studies keep the downside at risk, as long as the price remains below 103 handle.

Res: 102.40; 102.70; 103.00; 103.38

Sup: 101.42; 101.84; 101.60; 101.45

The pair maintains positive near-term tone and consolidates under fresh highs near 0.94 barrier. Recovery rally from 0.92 ****, so far retraced nearly 76.4% of the pullback from 0.9460 to 0.9204. Daily cup-and-holder pattern hasn’t been completed yet, with clear break above 0.9380 required to confirm and open way for final push towards key 0.9460 barrier, 10 Apr high. The overall picture remains bullish, as near-term price action is underpinned by double bull-cross at 0.9150 zone; 20/200 and 55/200SMA’s, however, further hesitation ahead of 0.94 hurdle cannot be ruled out, as hourly studies are losing traction, with loss of psychological / trendline support at 0.93 to further delay bulls, while only loss of 0.92 handle would revive bears. Conversely, break above 0.9460 top to confirm bullish resumption and open psychological 0.95 barrier next.

Res: 0.9365; 0.9384; 0.9393; 0.9424

Sup: 0.9317; 0.9300; 0.9250; 0.9200

Res: 1.3773; 1.3800; 1.3840; 1.3876

Sup: 1.3688; 1.3670; 1.3642; 1.3619

Cable continues to trend lower and posted marginally lower low at 1.6817, approaching psychological 1.68 support, also Fibonacci 38.2% retracement of 1.6464/1.6995 upleg. Near-term studies are negative and favor further downside, while bulls are still in play on the larger timeframe that requires reversal above 1.6760 higher platform, to maintain the structure in positive mode for fresh attempt higher and repeated attack at psychological 1.70 barrier. Extension below 1.6760, however, to sideline bulls, confirm reversal and open 1.6730, 50% retracement and 1.6700, round figure, in extension.

Res: 1.6885; 1.6900; 1.6927; 1.6973

Sup: 1.6817; 1.6800; 1.6760; 1.6730

The pair lost traction and fell below 102 support, Fibonacci 38.2% retracement of 101.45/102.35 upleg. This weakens the structure, as hourly technicals turned negative and threatens further downside. On the other side, 4-hour studies are still positive and see possibility for fresh attempt higher that requires 101.79, Fibonacci 61.8% retracement level, to hold. Such scenario sees potential of higher low formation that requires regain of 102.35 high, to confirm and resume near-term bulls off 101.45. Otherwise, fresh push lower and pressure at strong 101.40/20 support zone, with corrective attempts being rejected under 102.35, would be likely near-term scenario.

Res: 102.00; 102.35; 102.78; 103.00

Sup: 101.79; 101.42; 101.31; 101.20

The pair regained positive near-term tone after pullback from 0.9393 high found support at 0.9332 and fresh strength eventually broke above psychological 0.94 barrier, to complete cup and holder reversal pattern. Overall bullish tone sees test of key 0.9460 barrier as likely scenario, as the price action continues to move higher, above main bull-trendline. Clear break above 0.9460 is required to confirm bullish resumption and open psychological 0.9500 barrier next. Corrective dips should not exceed 0.9360, Fibonacci 61.8% of entire rally from 0.9332, to keep bulls in play.

Res: 0.9439; 0.9450; 0.9500; 0.9541

Sup: 0.9378; 0.9360; 0.9345; 0.9332

Res: 1298; 1303; 1306; 1315

Sup: 1290; 1284; 1277; 1273

Res: 1.3700; 1.3729; 1.3773; 1.3800

Sup: 1.3642; 1.3619; 1.3600; 1.3561

Cable remains pressured and continues to move lower, eventually breaking below 1.68 support and posting fresh lows on approach to 1.6700, psychological support. Near-term studies are negative and favor further downside, as bulls on the larger timeframe lost momentum and will be likely sidelined in favor of fresh weakness. Loss of 1.6730/20, 50% retracement of 1.6464/1.6995 upleg / daily 55SMA, is required to confirm. Corrective rallies face immediate barrier at 1.6775/85, ahead of 1.68 zone, while 1.69 lower top and Fibonacci 61.8% of descend from 1.6995, should keep the upside attempts limited.

Res: 1.6785; 1.6800; 1.6829; 1.6873

Sup: 1.6730; 1.6700; 1.6667; 1.6650

The pair lost traction and fell below 102 handle, posting fresh low at 101.66, Fibonacci 76.4 retracement of 101.42/102.35 ascend. Fresh bulls, established on a rally from 101.42 and break above 102 handle, are now on hold, as neart-term studies turned negative. This shifted focus lower for possible retest of very strong 101/40/20 support zone. However, bulls may be revived if fresh recovery attempts emerge above 102 and regain 13 May’s fresh high at 102.35, where rally was capped by daily cloud ****. Otherwise, negative tone would prevail and focus lower boundaries short-term range.

Res: 102.00; 102.15; 102.35; 102.78

Sup: 101.78; 101.66; 101.42; 101.31

The pair’s general positive tone remains in play after probe above 0.94 barrier and subsequent pullback to 0.9360, also Fibonacci 61.8% of 0.9332/0.9407 upleg. Extended consolidation is expected to precede eventual push towards key 0.9460 barrier, 10 Apr peak, to complete corrective phase and resume broader uptrend. Clear break higher to expose 0.9500, round figure resistance and 0.9541, 03 Nov 2013 peak in extension. Only loss of 0.9320 trendline support would delay bulls, while break below key 0.9200 handle is required to bring bears in play.

Res: 0.9383; 0.9400; 0.9460; 0.9500

Sup: 0.9360; 0.9345; 0.9332; 0.9320