USDX (USD Index)
U.S dollar index gapped up today as U.S-China might start to discuss tariff war. The global market take a breather and U.S. dollar index also start gaining ground. On the upside, 100.00 – 101.79 area will become the area of interest for short positions in U.S. dollar. On the lower side, 97.43 will become the bearish target to watch.
EUR/USD
EUR/USD turned lower after the 1.1500 resistance test. The pair is supported by the 1.1300 – 1.1360 area now and will attempt to bounce from it. However, if the pair continue under bearish pressure and resume the bearish movement, then 1.1120 – 1.1185 will become the area to watch. 1.1000 might be reached if the pair overshoot to the downside.
Today’s critical levels to watch:
Support: 1.1360, 1.1300, 1.1185
Resistance: 1.1500, 1.1580
GBP/USD
GBP/USD turned lower and trading near 1.3250 today. The pair might extend the bearish correction toward 1.3125, 1.3000 – 1.3050 area. If the pair managed to reach the levels and produce bullish reactions, then traders could enter long positions. A bearish correction is in progress, let it run and lost the bearish momentum before entering long positions.
Today’s critical levels to watch:
Support: 1.3250, 1.3150, 1.3050, 1.3000
Resistance: 1.3300, 1.3330
USD/JPY
USD/JPY made a bullish close yesterday and extended the bullish movement today above 142.00. The pair managed to reach 143.20 and slightly lower now. If the pair continue the bullish correction,, then it might target 145.00 and 146.56 levels next. We still think the pair will resume the bearish trend and target the 138.00 level.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD stalled after the climb above triangle pattern. The pair might consolidate near the current level and attempting to extend the bullish movement toward daily SMA 200 and 0.6500. There is no change to the scenario yet, if the pair could climb and close above daily SMA 200 then the trend will turn bullish.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700