USDX (USD Index)

The movement of the U.S dollar index continues bearish as the index printed a lower low yesterday. However, there is no lower close printed. The index closed near its opening level and formed a bullish pin bar pattern. If the index could breakout higher then a bullish correction might happen.

We still think the will continue its bearish movement toward the 90.00 support level.

EUR/USD

EUR/USD attempted to move higher yesterday but the pair settled near its opening level at the end of the day. The pair might continue its bullish attempt and target the 1.2200 resistance level. At the current time, traders will wait for further reactions near the 1.2200 resistance level. In the long-term, we think the pair will breakout above 1.2200 and continue moving toward 1.2300 and 1.2500.

today critical levels to watch:

Support: 1.2070, 1.2000

Resistance: 1.2200, 1.2300, 1.2500

GBP/USD

GBP/USD launched upward and tested the 1.3450 resistance level. The pair rejected from the resistance level and closed below its opening level. Traders will expect the pair to continue trading with high volatility as the Brexit discussion continue. The pair might trade between 1.3125 – 1.3450 for now.

Today Critical level to watch:

Support: 1.3330, 1.3300, 1.3250, 1.3000

Resistance: 1.3450, 1.3600

USD/JPY

USD/JPY made a bullish pin bar close yesterday. The pair has not left the consolidation level near 104.00 yet. We have drawn horizontal lines which might become the trading area of the pair next. Traders will expect more consolidation in the pair for now.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD was rejected from the 0.7550 resistance level and made a bearish close yesterday. The pair continues its bearish pressure and return inside the channel range today. Traders could use the channel as a projection for AUD/USD next movement.

Today critical levels to watch:

Support: 0.7500, 0.7450, 0.7330, 0.7300

Resistance: 0.7550, 0.7600