USDX (USD Index)

U.S dollar index maintains the level above 97.50 for several days but could not lift itself from the support level. The index might continue to stick near the support level for now. As long as no breakout and close below 97.50 then the index has more potential to move upside.

EUR/USD

EUR/USD consolidates between 1.1185 and the trendline. At the current time, all attempt to move above the trendline ended with rejection. EUR/USD closed near its opening level each day after the bearish rejection. Traders will wait until the pair either climb above the trendline or breakout below 1.1185.

today critical levels to watch:

Support: 1.1185, 1.1120, 1.1100

Resistance: 1.1200, 1.1280

GBP/USD

GBP/USD consolidates near 1.2100 and no change to the situation yet. The pair expected to continue its consolidation until the next direction settled.

Today Critical level to watch:

Support: 1.2100, 1.2000

Resistance: 1.2300, 1.2400

USD/JPY

The pair high gets lower and the low gets lower. It is under pressure and could anytime break below 106.10. As long as the pair stays above 106.10 then it has the potential to bounce from the support level. At the current time, USD/JPY might range between 106.10 – 107.00.

Today critical levels to watch:

Support: 106.10

Resistance: 106.70, 107.00, 107.40

AUD/USD

AUD/USD printed a bullish pin bar pattern at the bottom of the channel and confirmed the pattern today. We have the pair climbing above the previous day high and distancing itself rapidly. If AUD/USD could maintain the bullish pressure then we could see further bullish correction toward the top of the channel.

Today critical levels to watch:

Support: 0.6700

Resistance: 0.6800, 0.6900