USDX (USD Index)

A bullish reaction materializes at the 97.50 support level. Currently, U.S dollar index bounced from the support level and trading above its opening level. We think the index will continue its upward movement and target 98.25 resistance level. Traders could prepare for long positions near 97.50 when retest happen.

EUR/USD

EUR/USD extends its bullish movement above the trendline today. However, the upward movement experience rejection and the pair currently move back below its opening level. 1.1185 and 1.1120 will become the key level to watch at the current time.

today critical levels to watch:

Support: 1.1120, 1.1100

Resistance: 1.1185, 1.1200, 1.1280

GBP/USD

No change to the outlook of GBP/USD yet. The pair continues its consolidation near 1.2100 without momentum movement. Traders will continue waiting for sideline for now.

Today Critical level to watch:

Support: 1.2100, 1.2000

Resistance: 1.2300, 1.2400

USD/JPY

The pair reverse its bearish pressure and moving upside. Initially, it manages to climb above the previous day high. But, the pair lost momentum near 106.70 – 107.00 resistance. At the current time, the pair losing ground and traded back below the previous day high. Will USD/JPY resume its weakness and fall below 106.10 again?

Today critical levels to watch:

Support: 106.10

Resistance: 106.70, 107.00, 107.40

AUD/USD

The touchdown of the bottom of the bearish channel in AUD/USD finally results in a bounce today. The pair make a bullish movement after fourteen daily bearish close. We do not put much hope for further bullish movement in AUD/USD as the overall trend is bearish. If traders want to enter long positions then it is better to limit the position to small size only.

Today critical levels to watch:

Support: 0.6700

Resistance: 0.6800, 0.6900