USDX (USD Index)

The bullish pressure on the U.S dollar index stopped today as Russia pullback its troop from the Ukraine border. At the current time, the index is trading near 96.10 and will wait for further development. If the situation continues to get better, then the index might continue the bearish movement to target 95.50 and 95.00.

EUR/USD

EUR/USD closed inside the 1.1300 – 1.1360 area and is expected to consolidate inside the area. There is a bullish reaction today but limited inside the area. Traders will continue waiting for a breakout of the range to get a clue on the next direction. On the upside, there is no higher high printed yet which means the situation continues to bearish for the long term.

Today critical levels to watch:

Support: 1.1300, 1.1185

Resistance: 1.1360, 1.1500

GBP/USD

GBP/USD trading sideway near the daily SMA 200 and the 1.3600 resistance level. The pair is expected to consolidate near the level for now. The pair trend is sideway as a lower high and higher low printed on the chart. Further weakness below 1.3300 – 1.3330 will confirm the continuation of a bearish trend.

Today Critical level to watch:

Support: 1.3450, 1.3330, 1.3300

Resistance: 1.3600, 1.3835

USD/JPY

USD/JPY stick near the 115.90 and waiting for a breakout above the level. The pair formed a triangle consolidation and was expected to trade inside it with a bullish bias. If the pair trade lowers then traders could use the trendline for a chance to add long positions.

Today critical levels to watch:

Support: 115.00, 114.50, 113.00, 112.00

Resistance: 115.90

AUD/USD

AUD/USD traded lower yesterday but maintain the position near the 0.7160 level. There is no major movement away from the level yet. If the pair continue the bearish movement then it needs to close below 0.7000 to confirm further weakness. On the upside, daily SMA 200 is the bullish target when a breakout happens.

Today critical levels to watch:

Support: 0.7160, 0.7000

Resistance: 0.7300, 0.7330, 0.7450