USDX (USD Index)
U.S dollar index continues to stick near the 103.82 resistance level and will wait for further reactions. If the index resume the bullish movement then it will target the daily SMA 200. On the other hand, a bearish continuation from the current level could continue toward the 100.00 support level. There is no confirmation yet on where the index will move next. It is better to await the reactions near the 103.82 level.
EUR/USD
EUR/USD maintains a position above the 1.0650 level. There is no change to the pair situation which ranges between 1.0650 – 1.0800. Traders will continue waiting for the breakout and close outside of the range. When the pair close below 1.0650, it could continue lower to target the daily SMA 200. On the upside, a close above 1.0800 will confirm continuation to retest the 1.1000 level.
Today’s critical levels to watch:
Support: 1.0650, 1.0339, 1.0000, 0.9500
Resistance: 1.0800, 1.0900, 1.1000
GBP/USD
GBP/USD stays inside the 1.2000 – 1.2200 range and might continue to consolidate inside it. Traders will continue waiting for the pair to make a breakout and close outside of the range. If the pair closes lower and print a new lower low then the long-term trend will turn bearish. on the upside, a close above 1.2200 and a new higher high will confirm a bullish continuation.
Today’s critical levels to watch:
Support: 1.2000, 1.1450
Resistance: 1.2100, 1.2200
USD/JPY
USD/JPY slowly moving higher toward the daily SMA 200. The pair will attempt to target the averages and traders will use the chance to enter short positions when a test happens. On the lower side, a close below the green box area will become the bearish confirmation traders need.
Today’s critical levels to watch:
Support: 133.00, 130.00, 125.00
Resistance: 137.70
AUD/USD
AUD/USD bounced from the 0.6820 support level and the daily SMA 200. The pair will attempt to resume the bullish movement to target the 0.7000 and 0.7160 resistance levels. If the pair could close above 0.7160 then the long-term will turn bullish. Traders who have entered long positions could continue to hold the positions while placing the stop level below the daily SMA 200 or 0.6700 level.
Today’s critical levels to watch:
Support: 0.6750, 0.6700, 0.6500, 0.6000
Resistance: 0.6820, 0.7000