USDX (USD Index)
U.S dollar index maintain the bullish pressure near the 100.00 level just before the job report today. The current upward movement mostly triggered by the Fed stance and U.S tariff deadline. If there is resolution to the tariff situation, then the index will start moving lower again. Otherwise, it will maintain the bullish pressure and keep pressuring the 100.00 level. A breakout above 100.00 will confirm bullish continuation toward the daily SMA 200.
EUR/USD
EUR/USD is not far from the 1.1300 – 1.1360 area and it might reach it today. Traders will observe closely the pair reactions near the current level. If the pair could maintain the position above the support area and bounce with strong bullish momentum, then the bullish trend could continue. Otherwise, a breakout and closer below it will trigger deeper bearish correction to target daily SMA 200.
Today’s critical levels to watch:
Support: 1.1360, 1.1300
Resistance: 1.1500, 1.1580, 1.1710, 1.1820
GBP/USD
GBP/USD almost reach the daily SMA 200 and 1.3125. There is no bullish reaction yet and the bearish pressure still has momentum. Traders will wait for reaction from the support level to determine the pair next direction. If the pair could stall near the support level and bounce upward with strong bullish momentum, then there is chance of bullish reversal. For now, as long as there is no bullish candlestick close, traders better stay sideline.
Today’s critical levels to watch:
Support: 1.3125, 1.3050, 1.3000
Resistance: 1.3300, 1.3330, 1.3450, 1.3600, 1.3800, 1.4000
USD/JPY
USD/JPY closed above the 150.00 level and the daily SMA 200. The pair might extend the bullish movement to target the top of green box area. A close above the area will confirm a long-term bullish continuation. Meanwhile, 150.00 and daily SMA 200 will become a support level to watch now. If the pair could immediately reverse and close below both levels, then the bearish movement might continue.
Today’s critical levels to watch:
Support: 150.00, 149.20, 145.00, 142.00,
Resistance: 151.00
AUD/USD
AUD/USD stay under bearish pressure and might extend the movement toward daily SMA 200. There is no bullish reactions yet even though the pair has reached support levels. Traders will monitor closely the pair reactions for now. A close below the green box area might be a confirmation of bearish continuation.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700