USDX (USD Index)

The U.S. dollar index moved down to reach the trendline and test it. After the index managed to reach that point, there was a bounce reaction and there was an increase. However, the increase did not continue and the index closed near its opening point. Currently, there is no significant movement seen in the index and consolidation may occur not far from the daily SMA 200 point. Traders should wait for further reactions for the time being while assuming that the bearish trend will continue in the long term.

EUR/USD

EUR/USD briefly rose above the daily SMA 200 point but there has not been a significant close above that point. The pair is seen making a bullish movement today and will try to make a close above the daily SMA 200 point. If the increase can continue and a higher swing high point is formed then there is a chance that the bullish trend will continue immediately. Meanwhile, if there is a close below the daily SMA 200 point, consolidation will continue near that point.

Today’s critical levels to watch:

Support: 1.0800, 1.0650, 1.0500

Resistance: 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD

GBP/USD is holding above 1.2625 and looks to be trying to continue rising in today’s trading. Pair consolidation between 1.2625 and 1.2800 will take place with a bullish tendency. Traders will continue to take advantage of the current situation to accumulate long positions near 1.2625 and the daily SMA 200. When the pair manages to close above 1.2800 and form a higher swing high point then the bullish trend will be confirmed.

Today’s critical levels to watch:

Support: 1.2625, 1.2200, 1.2100, 1.2000

Resistance: 1.2800, 1.3000

USD/JPY

USD/JPY is continuing its sideway movement near the high point and has not shown confirmation for the next direction of movement. Traders will again wait for further confirmation either by the formation of a higher swing high point or closing below the daily SMA 200 point. As long as the pair is still moving sideways, traders can also speculate on a two-direction breakout.

Today’s critical levels to watch:

Support: 147.00, 145.00, 142.00, 141.00

Resistance: 150.00

AUD/USD

AUD/USD continues strengthening above the daily SMA 200 point and has surpassed yesterday’s high. The pair will try to continue its strengthening towards 0.6700 and 0.6750. As long as the pair can still stay above the trendline and also the daily SMA 200 point, the situation of the pair is bullish. However, if there is a close below the daily SMA 200 and the formation of a lower swing low then the situation could turn bearish again.

Today’s critical levels to watch:

Support: 0.6500, 0.6350, 0.6170, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000