USDX (USD Index)

U.S dollar index bearish pressure has brought the index down and reach the 92.00 support level. The index currently testing the level and looking to breakout below it. If the index breakout and closes below the support level then the bearish movement could continue toward the daily SMA 200. On the other hand, if a bounce happens then the index will continue its ranging movement between 92.00 – 93.00.

EUR/USD

EUR/USD moving upward above the 1.1820 level and set to print a higher swing high. The pair could continue its upward movement to target the daily SMA 200 if it could print a higher swing high. If the pair could close above the daily SMA 200 then the long-term bullish trend could continue.

Today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD closed the day near the 1.3835 level and there is a bullish attempt today. The pair will aim to close the week above 1.3835 to continue its bullish movement toward 1.4000. Traders will observe the pair’s closing level at the end of the week to get a clue on where the pair will move next.

Today Critical level to watch:

Support: 1.3600

Resistance: 1.3835, 1.4000, 1.4325

USD/JPY

USD/JPY stick near the 110.00 resistance level without major change. The pair will continue trading sideline near the level and waiting for further reaction. At the current time, traders will continue to observe the pair reaction from 110.00 before placing orders.

Today critical levels to watch:

Support: 109.00, 108.00

Resistance: 110.00, 111.00, 112.00

AUD/USD

AUD/USD bullish momentum continues to add up after the close above 0.7300 – 0.7330. There is no stop to the upward movement as the pair approaching the 0.7450 – 0.7500 area. On the upside, the pair might target the daily SMA 200. If the pair start moving lower again then 0.7300 – 0.7330 will become a support area to watch.

Today critical levels to watch:

Support: 0.7160, 0.7000

Resistance: 0.7300, 0.7330