USDX (USD Index)

The Fed committed to continuing its full-support for the economy in the latest Fed meeting. The event triggered further weakness in the U.S dollar. Today, the U.S dollar index reached a level below 90.00 and shows no bullish reaction yet. Without any change in the direction, it seems traders will assume the index will target the 2018 low at 88.25.

EUR/USD

EUR/USD closed at 1.2200 resistance level and continue its bullish movement today. The pair expected to target 1.2300 and 1.2500 next. Traders might want to be careful as bearish reversal more likely to happen near the end of the year.

today critical levels to watch:

Support: 1.2200, 1.2070, 1.2000

Resistance: 1.2300, 1.2500

GBP/USD

GBP/USD on the path higher as the pair reach the 1.3600 resistance level today. Under current bullish pressure, it seems the pair might be able to extend its bullish movement and target 1.3835 and 1.4000 next. Traders who have no long positions might want to stay sideline for now.

Today Critical level to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

The coast is clear for USD/JPY to continue its bearish movement. We have a lower low printed on the chart and it is only a matter of time the pair move lower to target 101.50 and 100.00 support levels. Despite the bearish situation, shorting at the current levels not suggested.

Today critical levels to watch:

Support: 101.50, 101.19

Resistance: 104.00, 105.00, 106.00, 106.70

AUD/USD

AUD/USD make a bullish jump today following the U.S dollar index weakness. The pair has reached the 0.7640 resistance level and might attempt to continue further higher toward 0.7750, 0.7800. Traders will continue waiting for a bearish reaction for now.

Today critical levels to watch:

Support: 0.7550, 0.7500, 0.7450

Resistance: 0.7600, 0.7640