USDX (USD Index)

The bullish movement of the U.S dollar index halted near the 96.10 resistance level. Currently, the index is trading lower but maintaining the level above the previous week’s low. Traders will continue to monitor the index movement for now as the market is focusing on the conflict between Russia – Ukraine.

In the medium-long term, we still think the index will add more bullish pressure and target the 100 handles.

EUR/USD

EUR/USD mostly sideways inside the 1.1300 – 1.1360. There is no major move outside of the range yet which means traders will continue waiting for now. Overall, the trend is bearish which means a breakout and close below 1.13600 has more weight. On the upside, traders will continue to use daily SMA 200 as a level to enter short positions.

Today critical levels to watch:

Support: 1.1300, 1.1185

Resistance: 1.1360, 1.1500

GBP/USD

GBP/USD building bullish pressure but no close above the triangle pattern yet. The pair currently pressuring to the upside but traders will continue waiting for the closing level at the end of the day. As long as the pair stay inside the triangle area, the consolidation will continue.

Today Critical level to watch:

Support: 1.3450, 1.3330, 1.3300

Resistance: 1.3600, 1.3835

USD/JPY

USD/JPY is trading lower and getting near the 114.50 support level. The pair might continue lower to test the trendline and traders could use the moment to add long positions on bullish reaction. We still think the pair will attempt to breakout above the 115.90 resistance level and resume the bullish trend.

Today critical levels to watch:

Support: 115.00, 114.50, 113.00, 112.00

Resistance: 115.90

AUD/USD

AUD/USD maintain a close above the 0.7160 level last week. The pair currently attempting to build bullish pressure and continue the upward movement toward the 0.7300 – 0.7330 area. In the long-term view, as long as the pair stays below daily SMA 200 and no higher swing high is printed then the trend will continue bearish.

Today critical levels to watch:

Support: 0.7160, 0.7000

Resistance: 0.7300, 0.7330, 0.7450