USDX (USD Index)

U.S dollar index could not lift itself above 94.00 and start moving lower. If the index makes a lower low below 92.60 then traders will expect the trend will continue bearish for long-term. On the other hand, if the index could start move higher above 94.30 then the bullish correction toward 95.00 and daily SMA 200 will happen.

EUR/USD

EUR/USD launched upward from the 1.1710 support level and almost reach the 1.1820 resistance. The pair expected to consolidate inside 1.1710 – 1.1820 area for now. However, if the pair could breakout and close above 1.1820 then traders will expect bullish continuation toward 1.2000.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD continue its upward movement and reach the 1.3000 resistance level. There is bearish reaction from the resistance level and the pair start moving lower. No bearish movement below previous day low yet. At the current time, the pair expected to maintain the movement between 1.2800 – 1.3000.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY on the path higher after the bounce from 105.00 support level. The pair add more bullish close yesterday but no movement above previous week high yet. The pair expected to consolidate near 105.00 for now. On the long-term outlook, 106.70 and 104.00 are the major levels to watch.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.0, 106.70

AUD/USD

AUD/USD stick near the 0.7160 resistance level. The pair currently is waiting for reaction from the resistance level. If the pair make major bearish close from the 0.7160 resistance level then traders will prepare for bearish continuation toward 0.7000, 0.6820 and daily SMA 200.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330