USDX (USD Index)
U.S dollar index hovering below the 100.00 level and no bearish continuation yet. It seems the index might attempt to move higher again and test the 100.00 level. If the index breakout higher, then traders could expect upward movement to target 101.79. The overall trend will continue bearish, at least until the index breakout and close above 104.60.
EUR/USD
EUR/USD bounce from the 1.1300 – 1.1360, but could not gain momentum. It is under bearish pressure and might break out below the area if there is no immediate bullish reactions. On the lower side, there is a bullish trend line to watch. If the pair reacted bullishly near the trend line, then traders could consider entering long positions.
Today’s critical levels to watch:
Support: 1.1360, 1.1300, 1.1185
Resistance: 1.1500, 1.1580
GBP/USD
GBP/USD got rejected from the 1.3450 resistance level. The pair move lower with moderate bearish momentum today and reached the 1.3300 – 1.3330 area. The pair might continue its bearish correction to retest the 1.3250 level. If bearish breakout happen, then 1.3000 – 1.3125 could become the bearish target to watch.
Today’s critical levels to watch:
Support: 1.3250, 1.3150, 1.3050, 1.3000
Resistance: 1.3300, 1.3330
USD/JPY
USD/JPY found support at 142.00 level and currently consolidating between 142.00 – 143.20. The overall trend of the pair is bearish, and it might continue lower to target 138.00 – 139.00 area. On the upside, if bullish breakout happen, then 145.00, 146.56 will become the bullish target to watch.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD continue the bearish movement and reached the level near 0.6350 before it bounced upward. At the current time, the pair is trading above the opening level and might close the day positive. We still think the pair will continue the upward movement to target the daily SMA 200 and 0.6500 level.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700