USDX (USD Index)

The upward movement of the U.S dollar index continues and the index has reached the 100.00 handles today. There is no major bearish reaction which means the index is set to close the week near the 100.00 level. Next week, traders will continue to observe the reaction near the 100.00 resistance level. If the index shows a major bearish reaction then 99.40 is the level to watch as a support level.

EUR/USD

EUR/USD pushed lower below the 1.0900 support level. If there is no change to the situation then the pair is set to continue the bearish movement to target the 1.0800 support level. At the current time, traders will continue for a bullish correction toward the 1.1000 resistance level for a chance to enter short positions.

Today’s critical levels to watch:

Support: 1.0900, 1.0800

Resistance: 1.1000, 1.1120, 1.1185

GBP/USD

GBP/USD moving lower with strong bearish momentum at the 1.3000 support level. If the support level is broken to the downside and the pair is close below it then the long-term bearish trend is set to continue. On the other hand, if the pair could bounce from the level and secure a close above 1.3250 then the trend will turn bullish.

Today Critical level to watch:

Support: 1.3125, 1.3000

Resistance: 1.3250, 1.3300, 1.3330

USD/JPY

USD/JPY extends the bullish movement without any sign of weakness yet. However, the upward movement seems to take longer to print a new higher high. If the bear return to the market and push the pair down then we might see a bearish correction as low as the bottom of the blue box area.

Today’s critical levels to watch:

Support: 120.00

Resistance: 125.00

AUD/USD

AUD/USD managed to close above the orange box area and confirm a long-term bullish reversal. However, the pair is currently under bearish pressure and falls below the orange box area. It seems the pair will undergo a bearish correction toward the 0.7300 – 0.7330 area. Traders will prepare near the area for a chance to enter long positions.

Today critical levels to watch:

Support: 0.7450

Resistance: 0.7500, 0.7550, 0.7640, 0.7690