USDX (USD Index)

The U.S. dollar index strengthened sharply today and exceeded the high point of the last two candlesticks. However, no higher swing high point has yet been formed so there is still the possibility of a reversal. The trend is still bullish so traders should not consider entering short positions. If a bearish correction occurs, the daily SMA 200 point will be an important support point that will determine the direction of the next movement.

EUR/USD

EUR/USD experienced an increase in today’s trading, but the candlestick formed on this trading platform cannot be used as a reference. There is a possibility that it is just a data error where the high point reached by EUR/USD on another platform was recorded at around 1.0737. For now, the upward movement of the pair is likely to take place toward the daily SMA 200 point. Traders will wait for the reaction of the pair near this point to confirm the next direction. When there is a close above the daily SMA 200 then there is a possibility of a change in trend direction.

Today’s critical levels to watch:

Support: 1.0650, 1.0500

Resistance: 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD

GBP/USD is moving up and has now reached the daily SMA 200 point. The pair will try to continue its strengthening and close above the daily SMA 200 point. When there is a close above the daily SMA 200 point with strong bullish momentum, there is a possibility that the trend direction can change. For now, traders should observe the reaction of the pair near the daily SMA 200 point before deciding to enter a position.

Today’s critical levels to watch:

Support: 1.2200, 1.2100, 1.2000

Resistance: 1.2625, 1.2800, 1.3000

USD/JPY

USD/JPY rose sharply on Friday’s trading and today there was a further increase. It could be said that this is a short position stop hunting movement. Currently, the pair is being pushed down but is still above Friday’s opening point. It is possible that a bearish correction may occur and traders will wait near support points for long position opportunities. As long as there are no changes to BOJ policy, USD/JPY is expected to continue the upward movement.

Today’s critical levels to watch:

Support: 150.00, 147.00, 145.00, 142.00, 141.00

Resistance: 155.00

AUD/USD

AUD/USD closed above the daily SMA 200 point at the end of last week. The pair is now continuing its strengthening and is trying to reverse the trend direction. If in the next bearish movement, the pair can maintain above the daily SMA 200 and 0.6500 then there is an opportunity for the continuation of the bullish movement. However, if there is a decline and closes below these two points, the bearish trend will continue for some time.

Today’s critical levels to watch:

Support: 0.6350, 0.6170, 0.6000

Resistance: 0.6500, 0.6700, 0.6750, 0.6820, 0.7000