USDX (USD Index)

U.S dollar index hanging near the high and no major bearish reactions yet. The index might continue to maintain its position near the top and look for a chance to add more gains. If the index starts a bearish correction then traders could wait near the support level for a chance to enter long positions in the U.S dollar.

EUR/USD

EUR/USD mostly sideways near the parity level with no major clue on bullish reversal. We still think the pair could continue the bearish movement and trigger stop orders below the parity level. Nevertheless, if the pair could climb above 1.0339 then the trend will change from bearish to bullish.

Today’s critical levels to watch:

Support:

Resistance: 1.0000, 1.0339, 1.0650, 1.0800, 1.0900

GBP/USD

GBP/USD printing more lower low on the daily chart which means there is no change to the bearish trend yet. The pair might continue the bearish movement and start a bullish correction later. If the pair could close above 1.2200 then the trend will reverse from bearish to bullish. Traders might want to stay with a bearish outlook for now.

Today’s critical levels to watch:

Support: 1.1450

Resistance: 1.2000, 1.2100, 1.2200

USD/JPY

USD/JPY hanging near the top and not showing any bearish sign. The pair might continue its bullish trend and print a new higher high. However, if the pair start a new bearish correction then traders could wait until the bearish pressure receded and enter long positions near support levels.

Today’s critical levels to watch:

Support: 135.19, 135.00, 131.47

Resistance: 140.00

AUD/USD

AUD/USD moving with high volatility after the pair gets rejected from the 0.7000 resistance level. On the lower side, 0.6820 is the support level to watch for bullish reactions. On the upper side, as long as there is no close above 0.7160 and daily SMA 200, traders could continue maintain bearish outlook.

Today’s critical levels to watch:

Support: 0.6820, 0.6750, 0.6700

Resistance: 0.7000, 0.7160, 0.7300