USDX (USD Index)
U.S dollar index has reached the 103.82 target and is now stuck near it. If the index gets rejected with strong bearish pressure then traders will expect the bearish movement to target the 100.00 support level. On the other hand, if the index continues moving upward again then traders will expect movement toward the daily SMA 200.
EUR/USD
EUR/USD pushed lower and almost reached the 1.0650 support level. The pair stage a recovery and closed near the opening level. At the current time, the pair is building more bullish pressure and will attempt to break out above yesterday’s high. Traders who have entered long positions will continue to hold the positions with a stop below 1.0650 or the previous swing low.
Today’s critical levels to watch:
Support: 1.0800, 1.0650, 1.0339, 1.0000, 0.9500
Resistance: 1.0900, 1.1000
GBP/USD
GBP/USD maintains the position inside the 1.2000 – 1.2200 area and near the daily SMA 200. The pair might continue the consolidation inside the area and traders will wait for further reactions. If the pair could move upward with strong bullish momentum then the bullish trend is set to continue. However, if the pair resume the bearish movement and print a new lower low then the bearish trend will continue.
Today’s critical levels to watch:
Support: 1.2000, 1.1450
Resistance: 1.2100, 1.2200
USD/JPY
USD/JPY is trading near the green box area and might continue consolidating near the area. On the upside, if the pair continues the bullish movement then it will target the daily SMA 200. On the other hand, if the pair fall with strong bearish momentum then traders will expect the pair to target a new lower low.
Today’s critical levels to watch:
Support: 125.00
Resistance: 130.00
AUD/USD
AUD/USD trading upward, away from the 0.6820 support level. There is no touch on the support level or the daily SMA 200 yet. The pair currently will test the 0.7000 resistance level and traders will monitor the pair reactions. If the pair continue moving upward then it will target the 0.7160 resistance level next. A close above the 0.7160 level will confirm long-term bullish continuation.
Today’s critical levels to watch:
Support: 0.6750, 0.6700, 0.6500, 0.6000
Resistance: 0.6820, 0.7000