USDX (USD Index)

U.S dollar index made a bullish close yesterday which might cancel the bearish outlook. At the current time, the index attempting to build bullish pressure to retest the 94.00 – 94.30 area again. A bullish close above the area will trigger further upside toward 95.00

EUR/USD

EUR/USD significantly lower after the pair almost reach 1.1820. The pair range span between 1.1710 – 1.1820 and is expected to continue trading inside the range. Traders will continue monitor the pair reaction inside the range and waiting for breakout.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD formed a bearish engulfing pattern after the test on 1.3000 resistance level. The pair has not confirmed the pattern yet by movement below the pattern low. If the pair could continue its downward movement then GBP/USD set to target 1.2800 also the daily SMA 200.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY continues its bullish movement above the previous week high today. The pair now set to continue moving upward and target the 106.70 resistance also the daily SMA 200. As long as there is no close above 106.70, USD/JPY long-term trend will continue bearish. Short positions could be considered when the pair reach the resistance level and form major bearish pattern.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.0, 106.70

AUD/USD

AUD/USD closed lower and formed a bearish engulfing pattern from the 0.7160 resistance level. The pair might start a new bearish leg to target 0.7000, 0.6820 and daily SMA 200. Traders could use the moment to enter short positions with stop above previous day high.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330