FX Technical Levels

EURUSD holds below 1.3054.
Recent EURUSD upward correction from Friday's 1.2865 low is holding well below the 1.3016 to 1.3054 congestion resistance, the latter being a noteworthy reaction high on the hourly chart from last Tuesday.
Only a move above there would jeopardize the underlying bear trend.
Until then, our focus will remain on the 1.2865 short-term trend low.

USDCHF's recent pullback from 1.2530 is thus far holding above congestive support in the 1.2409 to 1.2400 area, keeping the underlying bull trend intact.
An eventual move above 1.2530-the current trend high-and then the Nov 17 1.2538 high would reinstate the bull trend for a push above the 1.2583 Nov 6 high.

GBPUSD broke initial mild support 1.9624 recent reaction low, but secondary support from the 1.9537 previous breakout high should limit the corrective pullback from 1.9707.
As long as it does, we'll keep our focus on the Jan 2 1.9753 tough reaction high. A move above there would expose key resistance at 1.9849, last year's high.

USDJPY posted a new trend high Tuesday but without much subsequent follow through. Nonetheless, hourly momentum indicators remain constructive and should aid a run toward the 121.41 high from December 2005.
Solid support from the bottom of the recent consolidation is in the 120.06 area.

AUDUSD recent corrective rise from 0.7759 is thus far holding well below resistance at 0.7897, the 61.8% retracement of the 0.7982-0.7759 decline.
Only a rise above this area would jeopardize the case for an eventual move towards support from 0.7705 to 0.7698, the Nov 22 low and the 50% retracement of the 0.7414-0.7982 rally, respectively.

USDCAD's recent bull trend has stalled thus far at 1.1805, Jan 11 high. The break of the Jan 12 1.1685 low exposes the Jan 2 1.1625 low.