USDX (USD Index)

U.S dollar index’s upward attempt halted at the daily SMA 200. The index is slightly lower at the current time. If the index continues to add more bearish pressure then we might see a bearish continuation to target the 100.00 level. On the upside, a close above the daily SMA 200 will open a bullish scenario toward 110.00.

EUR/USD

EUR/USD bearish attempt toward the 1.0339 or the daily SMA 200 stopped. The pair currently trading upward and will target the 1.0650 resistance level. As long as the pair stays above the daily SMA 200 then there is no reason for traders to enter short positions. On the other hand, if the pair make another bearish close below the daily SMA 200 it will open the path toward parity again.

Today’s critical levels to watch:

Support: 1.0339, 1.0000, 0.9500

Resistance: 1.0650

GBP/USD

GBP/USD bounced from the daily SMA 200 and maintain the position above it. No major bullish reactions yet which means the pair might continue the movement near the 1.2000 – 1.2200 area. If the pair pushed lower and close below the daily SMA 200 or 1.2000 then the bearish trend is set to continue again.

Today’s critical levels to watch:

Support: 1.2100, 1.2000, 1.1450, 1.0500, 1.0000

Resistance: 1.2200

USD/JPY

USD/JPY bounced from the daily SMA 200 losing upward pressure at the 137.70 level. The pair need to climb and close above 139.30 to confirm a bullish continuation. If the pair continues moving lower and close below the daily SMA 200 then traders will prepare for a long-term trend switch from bullish to bearish.

Today’s critical levels to watch:

Support: 139.30, 135.19, 135.00

Resistance: 140.00, 145.00, 150.00

AUD/USD

AUD/USD managed to bounce from 0.6700 and maintain the position inside the 0.6700 – 0.6820 area. The pair might continue consolidating inside the area and traders will wait for the breakout before placing major positions. Under the current situation, traders could use the range to apply range trading strategies.

Today’s critical levels to watch:

Support: 0.6500, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000