USDX (USD Index)

U.S dollar index maintained the positions above 93.00 and might continue its bullish movement toward 94.00 and 95.00. The index currently moves lower to retest the 93.00 support level. Traders who have long positions in the U.S dollar could continue to hold it as long as there is no close below 92.60.

EUR/USD

EUR/USD stick near the 1.1820 resistance level but no close above it yet. The pair currently trading inside 1.1710 – 1.1820 area with a bullish bias. However, if the pair make bearish movement then it is possible the 1.1450 – 1.1500 support area could be reached.

On the upside, 1.2000 is the upward target when a bullish breakout happens.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000, 1.2070

GBP/USD

GBP/USD stayed inside the 1.3000 – 1.3250 area and expected to continue its consolidation inside the range. At the current time, the pair is trading near the bottom of the range. Traders could use 1.3000 and 1.3050 as levels to enter long positions.

If the bearish breakout happens then 1.2800 will become the downward target.

Today Critical level to watch:

Support: 1.3000, 1.2800

Resistance: 1.3250, 1.3300

USD/JPY

USD/JPY made a bullish attempt and surpassed the 106.00 level. The pair might extend its bullish movement and target 106.70 resistance level next. On the upside, as long as there is no higher high printed above 107.05 then USD/JPY is expected to resume its bearish trend.

Today critical levels to watch:

Support: 105.00, 101.19

Resistance: 106.00, 106.70, 108.00

AUD/USD

AUD/USD made another close near 0.7160 and expected to continue the consolidation near the level. No conclusion yet on the pair next direction. However, the pair might move with strong momentum after the consolidation, though we are not certain which direction.

It is better to continue to monitor the pair from the sideline for now.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7330