USDX (USD Index)

U.S dollar index extend its bullish movement today and print another higher high. However, the bullish pressure seems losing momentum, and the index currently trading near its opening level. If the index continues to maintain the current level then we might have a bearish pin bar pattern.

A confirmation of the bearish pin bar pattern could bring the index down to test 94.00 – 94.30.

EUR/USD

EUR/USD continues under pressure and prints new lower low. The pair initially fall below 1.130 but it is currently trading back inside the 1.1300 – 1.1360 area. Will the pair bounce from the area and target 1.1580 also 1.1710? Or will it continue the bearish movement toward 1.1000 next?

Today critical levels to watch:

Support: 1.1360, 1.1300

Resistance: 1.1500, 1.1580, 1.1710

GBP/USD

GBP/USD attempt toward 1.3450 seems could not print a close above the level. The pair currently stick near the level, waiting for a reaction. If the pair resume the bearish movement then traders will expect a test on the 1.3250. On the upside, a close above daily SMA 200 and 1.4000 is needed to overturn the bearish trend.

Today Critical level to watch:

Support: 1.3330, 1.3300, 1.3250, 1.3000

Resistance: 1.3450, 1.3600, 1.3835, 1.4000

USD/JPY

USD/JPY finally breakout and closed above 114.50 resistance level. The pair continue the bullish movement toward 115.00 and 115.90. If the pair make a bearish correction then traders will use 114.50 and 112.00 as levels to enter more long positions.

Today critical levels to watch:

Support: 113.00, 112.00

Resistance: 114.50, 115.00

AUD/USD

AUD/USD continues pressuring the 0.7300 – 0.7330 area to the downside. The pair printed a lower low today and might continue the bearish movement toward 0.7160. No confirmation yet on the next direction, the consolidation between 0.7300 – 0.7330 might continue for now.

Today critical levels to watch:

Support: 0.7330, 0.7300

Resistance: 0.7450, 0.7500, 0.7550