USDX (USD Index)

U.S dollar index could not continue the bearish movement and now the index looking sloping upward again. As we mentioned before, if the index continues upward, then it will target the 100.00 level. A close above 100.00 will cancel the bearish outlook. On the lower side, a new lower swing low or a close below the trend line might confirm a bearish continuation.

EUR/USD

EUR/USD range span between 1.1580 – 1.1710, and now it is turning lower to test the lower range. We could say, the pair could not print a new higher swing high to confirm a bullish continuation. On the lower side, the pair might target the 1.1300 – 1.1360 area if it breaks out and close below the 1.1580 level.

Today’s critical levels to watch:

Support: 1.1580, 1.1500, 1.1360, 1.1300

Resistance: 1.1710, 1.1820

GBP/USD

GBP/USD breakout below the 1.3450 level with moderate momentum. It has not printed a new higher swing high in the latest upward movement. It might turn lower to target the daily SMA 200 for retest. As long as there is no lower swing low printed, the bullish structure still intact. Based on the chart, 1.3250 might become the projected swing low if the pair managed to reach it.

Today’s critical levels to watch:

Support: 1.3330, 1.3300, 1.3250, 1.3125, 1.3050, 1.3000

Resistance: 1.3450, 1.3600, 1.3800, 1.4000

USD/JPY

USD/JPY move upward with moderate momentum and breaking several days’ consolidation range. It might extend the bullish movement to target the 150.00 and daily SMA 200 for retest. On the upside, a close above the green box area will confirm the change to bullish trend. If the pair get rejected with strong reactions at the 150.00 and daily SMA 200, then we might see another bearish attempt.

Today’s critical levels to watch:

Support: 145.00, 142.00,

Resistance: 149.20, 150.00, 151.00

AUD/USD

AUD/USD bearish movement continue and not stopping yet. It might continue lower to target the daily SMA 200 or the lower trend line. Traders will wait near both levels for bullish reactions. When there is bullish reactions, traders could consider entering long positions assuming the broadening pattern still valid.

Today’s critical levels to watch:

Support: 0.6350, 0.6250, 0.6000

Resistance: 0.6500, 0.6700