USDX (USD Index)

U.S dollar index made a bullish close last Friday and there is bullish follow-through today. The index seems will start a bullish correction toward the 92.00 resistance level. On the long-term view, we still think the index will target a 90.00 support level or lower. Meanwhile, traders will observe the index reaction near the 91.00 level.

EUR/USD

EUR/USD moving on a bearish track today, testing the 1.2070 level. The pair might continue moving lower to test the 1.2000 support level. Traders will monitor the pair reaction at the current time and add more long positions when there is a bullish reaction.

today critical levels to watch:

Support: 1.2070, 1.2000

Resistance: 1.2200

GBP/USD

GBP/USD printed a bearish pin bar pattern last Friday and the pair fall sharply today toward the 1.3250 support level. If the bearish pressure continues then traders could expect the pair to target 1.2000 and the support trendline. Long positions could be taken when there is a major bullish reaction.

Today Critical level to watch:

Support: 1.3250, 1.3000

Resistance: 1.3300, 1.3330, 1.3450, 1.3500

USD/JPY

USD/JPY direction has no concluded yet as the pair continue to stick near the 104.00 level. No lower low and no higher high printed yet on the daily chart. The pair might continue its sideways movement for now with a bearish bias. It is better to wait for a strong movement with strong momentum followed by the formation of higher high or higher low before jump in positions.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD touched the 0.7450 resistance level and formed a bearish close. The pair seems rejected from the resistance level and start moving lower today. We have a bullish channel to watch and the 0.7300 – 0.7330 support area. When the pair form a bullish reaction from either support level, traders could enter long positions.

Today critical levels to watch:

Support: 0.7330, 0.7300, 0.7160

Resistance: 0.7450, 0.7500