USDX (USD Index)

The U.S. dollar index continues to remain above the trendline and also the daily SMA 200 point even though it is under bearish pressure. Consolidation continues near these two points for now and traders will wait for further developments. Will the index fall and close below these two points? Or will there be an upward bounce and the index continues its bullish movement?

EUR/USD

EUR/USD continued its rise in today’s trading but was blocked by the trendline and experienced a decline to the opening point. There is a possibility that the pair will consolidate between daily SMA 200 and 1.0900 for now. Traders will wait for movement out of the area to confirm the direction of the next movement.

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 now in the 1.2625 – 1.2800 area and tends to continue its strengthening. However, bearish pressure can still occur but traders will continue to use the area between daily SMA 200 and 1.2625 to accumulate long positions. Only when there is a close below the daily SMA 200 and a lower swing low is formed, the trend will turn bearish.

Today’s critical levels to watch:

Support: 1.2625, 1.2200, 1.2100, 1.2000

Resistance: 1.2800, 1.3000

USD/JPY

USD/JPY did not change and continued its sideways movement. The situation is still the same as yesterday or several weeks ago. There is a possibility that the pair will move with strong momentum out of the area. Traders should wait until that happens to take a position in the direction of the movement. For the pair to turn bearish, it is necessary to close below the daily SMA 200 point and form a lower swing low point.

Today’s critical levels to watch:

Support: 147.00, 145.00, 142.00, 141.00

Resistance: 150.00

AUD/USD

AUD/USD is moving up above the daily SMA 200 point and is trying to form a higher swing high point. The pair is in a bullish situation but there is no confirmation of further movement. If the pair fails to form a higher swing high point and immediately falls below the 0.6500 point, the trend may change to 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