USDX (USD Index)
U.S dollar index continue the bearish movement below the 97.43 level. On the lower side, 93.97 level is the bearish target to watch. No change to the bearish outlook of the U.S. dollar index. If the index starts a bullish correction, then traders could use it as a chance to enter short positions in the U.S. dollar pair. On the upside, 97.43 is the resistance level to watch.
EUR/USD
EUR/USD extended the bullish movement and has reached the level near 1.1820 resistance level. The pair bullish trend has not stopped yet, but we might see bearish correction soon. On the lower side, 1.1710 will become a minor support to watch. 1.1500 – 1.1580 is the area to watch for bounce reactions.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820
GBP/USD
GBP/USD extending the bullish movement today and getting near the 1.3835 resistance level. If the bullish momentum continues to build up, then the pair could immediately continue moving toward 1.4000. On the lower side, 1.3450 – 1.3600 will act as support area now and traders could use it as place to add long positions.
Today’s critical levels to watch:
Support: 1.3600, 1.3450, 1.3330, 1.3300
Resistance: 1.3800, 1.4000
USD/JPY
USD/JPY moving lower with moderate bearish momentum today and getting near the 142.00 level. We expect the pair to continue the bearish movement and breakout below 142.00 level. On the lower side, 140.00 and 138.00 will become the bearish target to watch. At the current time, if there is bullish correction in the pair, then traders will use it as a chance to enter short positions.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD continue moving bullishly today as it distancing itself from the 0.6500 level. The pair is on the track to target 0.6700 – 0.6750 resistance area. If the pair turn lower, then traders could use the 0.6500 level as a place to add long positions. Under current situation, whenever there is bearish correction in the pair, traders will continue to use it as a chance to add long positions.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700