USDX (USD Index)

The bearish pressure on U.S. dollar index managed to bring the index down to close below the daily SMA 200. However, there is no bearish continuation today. The index moving upward and attempting to return above the daily SMA 200. If the index could close above the daily SMA 200 then we might see further upside.

EUR/USD

EUR/USD extended the bullish movement above the daily SMA 200. The pair might continue the bullish movement to target the 1.0650 resistance level. Traders will stay out of bearish positions as long as the pair stays above the daily SMA 200. At the current time, 1.0339 and daily SMA 200 will act as support levels when bearish movement happens.

Today’s critical levels to watch:

Support: 1.0339, 1.0000, 0.9500

Resistance: 1.0650

GBP/USD

GBP/USD building more bullish pressure above the 1.2000 – 1.2200 area and the daily SMA 200. The pair will attempt to extend the upward movement toward the 1.2625 and 1.2800 resistance levels. If the pair reverse the upward pressure and close below the daily SMA 200 then we might see a continuation of a bearish trend.

Today’s critical levels to watch:

Support: 1.1450, 1.0500, 1.0000

Resistance: 1.2000, 1.2100, 1.2200

USD/JPY

USD/JPY continues the bearish movement below the trendline. The pair managed to reach the daily SMA 200 and show bullish reactions from it. If the pair could add more bullish pressure and launch upward from the daily SMA 200 then there is a chance of a bullish reversal. On the other hand, a close below the daily SMA 200 might confirm a bearish continuation.

Today’s critical levels to watch:

Support: 139.30, 135.19, 135.00

Resistance: 140.00, 145.00, 150.00

AUD/USD

AUD/USD closed near the 0.6820 resistance level yesterday. The pair is limited between 0.6750 – 0.6820 today and might consolidate inside it for now. On the upside, the pair will target daily SMA 200 and 0.7000. The pair needs to close above 0.7160 in the long term to reverse the current bearish trend.

Today’s critical levels to watch:

Support: 0.6500, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000