USDX (USD Index)

U.S dollar index closed below the blue box area with strong bearish momentum. The index might continue its downward movement and target the 90.00 support level. At the current time, the index trend might switch from bullish to bearish. However, if the index could stage a rally and close above the blue box area then traders will expect a bullish continuation toward 92.00 – 93.00 area.

EUR/USD

EUR/USD return above 1.2070 with strong bullish momentum. The pair will look to extend its bullish movement toward the 1.2200 resistance level. If the pair could close above the 1.2200 resistance level then traders will expect a long-term bullish continuation toward 1.2500 or higher.

today critical levels to watch:

Support: 1.2070, 1.2000, 1.1820

Resistance: 1.2200, 1.2300, 1.2500

GBP/USD

GBP/USD bounce from 1.3600 and closed near the 1.3835 resistance level. The pair trend continues to be bullish and traders might want to avoid short positions. We expect the pair to continue moving upward and target 1.4000 next. If the pair make a bearish correction then traders could use 1.3600 as the level to enter long positions.

Today Critical level to watch:

Support: 1.3600, 1.3450, 1.3330, 1.3300

Resistance: 1.3835, 1.4000

USD/JPY

USD/JPY closed below 105.00 with strong bearish momentum. The pair might extend the bearish movement and target the top of the bearish channel next. Traders could use the 105.00 level as a place to enter a short position when retests happen.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 105.50, 106.00, 106.70

AUD/USD

AUD/USD closed near the 0.7550 resistance level. The pair’s upward movement has strong bullish momentum and has happened for three days. Without any major bearish reaction from the resistance level, AUD/USD could continue its long-term bullish trend.

Today critical levels to watch:

Support: 0.7700, 0.7640, 0.7550, 0.7500

Resistance: 0.7750, 0.7800, 0.8000