USDX (USD Index)
U.S dollar index movement turns bearish after the test on the daily SMA 200. The index continue the bearish movement today but manage to recover above its opening level. If the index could climb and close above the daily SMA 200 then the bullish trend could continue. On the lower side, if the index prints another lower low then the bearish trend will continue.
EUR/USD
EUR/USD attempting to extend the bullish movement toward the 1.0650 resistance level. There is no change to the situation yet as the pair continues its climb. There are bearish reactions today but not major reactions. If the pair started moving lower, then 1.0339 and the daily SMA 200 will become the support level to watch.
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 the 1.2200 level. However, there is no major bullish pressure yet from the bounce reaction. The pair will attempt to maintain its position above the daily SMA 200. If the pair reverse the direction and close below the daily SMA 200 then there is a chance of bearish continuation.
Today’s critical levels to watch:
Support: 1.2100, 1.2000, 1.1450, 1.0500, 1.0000
Resistance: 1.2200
USD/JPY
USD/JPY currently trading between the daily SMA 200 and the 137.70 level. The pair might continue consolidating inside the area and traders will wait for a breakout from the range. If the pair could breakout and close above 139.30 then the bullish trend could continue. On the lower side, a close below the daily SMA 200 will confirm the switch to a bearish trend.
Today’s critical levels to watch:
Support: 139.30, 135.19, 135.00
Resistance: 140.00, 145.00, 150.00
AUD/USD
AUD/USD currently trading between 0.6700 – 0.6820 and might continue consolidating inside it. The pair is slightly higher and set to test the 0.6820 level soon. If the pair could breakout higher then the daily SMA 200 and 0.7000 will become the upward target. On the lower side, 0.6500 is the support level to watch when bearish movement happens.
Today’s critical levels to watch:
Support: 0.6500, 0.6000
Resistance: 0.6700, 0.6750, 0.6820, 0.7000