USDX (USD Index)

U.S dollar index continues moving sideway between 96.70 – 97.50. No confirmation yet where the index will move next for the long-term. If the index moves higher then it might target 98.40 and daily SMA 200. On the other hand, the index also could resume its weakness and target 95.00.

EUR/USD

EUR/USD made a lower close yesterday but no close below the Tuesday low. The pair currently hover in the middle of 1.1185 – 1.1300. As long as there is no breakout and close below 1.1120, EUR/USD expected to continue upward and target the 1.1500 resistance level.

today critical levels to watch:

Support: 1.1185, 1.1120

Resistance: 1.1300, 1.1360, 1.1500

GBP/USD

GBP/USD traded lower but no close below the bearish pin bar pattern. The pair currently making another bearish attempt but stay above 1.25000. Without a close below the pin bar pattern low, GBP/USD might start moving higher again and close above daily SMA 200.

A close above daily SMA 200 could lead the pair further higher toward 1.2800 and 1.3000.

Today Critical level to watch:

Support: 1.2500, 1.2200

Resistance: 1.2625, 1.2800, 1.3000

USD/JPY

USD/JPY pushed lower and tested the 106.70 support level today. No bullish reaction is seen yet at the current time. The pair might continue testing the level and seeking breakout below it. If the bearish breakout happens then USD/JPY could continue lower and target 105.00.

However, if the pair could bounce from 106.70 then the range between 106.70 – 108.00 is maintained.

Today critical levels to watch:

Support: 106.70, 105.00

Resistance: 108.00, 109.00, 110.00

AUD/USD

AUD/USD continues its consolidation between 0.6820 – 0.7000 and waiting for a trigger to move. Traders will continue to observe the pair movement inside the 0.6820 – 0.7000 area and waiting for a breakout. On the medium-long-term outlook, we still think the pair could extend the bullish movement toward 0.7160.

Today critical levels to watch:

Support: 0.6820, 0.6750, 0.6700

Resistance: 0.7000, 0.7160