USDX (USD Index)

U.S dollar index pushed lower today with moderate momentum. However, no new lower swing low printed yet, which mean the index could reverse anytime when possible. If the index extended the bearish movement and print a new lower swing low, then traders could expect bearish continuation toward the Fibonacci Retracement levels and the daily SMA 200.

EUR/USD

EUR/USD continue the upward movement and currently trading near yesterday’s high. The price might attempt to extend the bullish movement to target the 1.0500 level next. On the upside, a close above 1.0650 and the daily SMA 200 will confirm the long-term bullish reversal.

Today’s critical levels to watch:

Support: 1.0339, 1.0200, 1.0100, 1.0000

Resistance: 1.0500, 1.0650, 1.0800

GBP/USD

GBP/USD extending the bullish movement and will attempt to target 1.2625 level. The pair situation looks bullish right now after U.S dollar index start a bearish movement. Will the pair continue upward, breakout above the daily SMA 200 and confirm a long-term bullish reversal?

Today’s critical levels to watch:

Support: 1.2200

Resistance: 1.2625, 1.2800, 1.3000

USD/JPY

USD/JPY under bearish pressure today after the launch above daily SMA 200. The pair might move lower to retest the daily SMA 200 now. Traders will monitor the pair reactions near the daily SMA 200. If there is strong bullish reactions, then traders could enter long positions assuming that the bullish trend will continue.

In the latest movement, the pair formed a higher swing low which mean no confirmation for bearish trend yet.

Today’s critical levels to watch:

Support: 151.80, 150.00

Resistance: 155.00, 158.00

AUD/USD

AUD/USD mostly sideways without strong indication on the next movement. If the pair resume the bullish movement, then traders could expect the pair to reach 0.6350. If the pair could close above the level, then the trend will turn bullish for medium-term.

Today’s critical levels to watch:

Support: 0.6250, 0.6000

Resistance: 0.6350, 0.6500, 0.6700