USDX (USD Index)
The U.S. dollar index is currently still sticking near the daily SMA 200 point and is waiting for further reaction. If the index continues to weaken with strong bearish momentum and a lower swing low is formed then the bearish trend will continue. Meanwhile, if an increase occurs and a higher swing high point is formed then the index trend can continue to be bullish. There is no conclusion yet but it is estimated that the index will continue to weaken in the long term.
EUR/USD
EUR/USD managed to close above the daily SMA 200 point so the current situation can be said to be bullish. If the pair can continue to maintain its bullish pressure and rise to form a higher swing high point then the bullish trend can start again. Meanwhile, there is also a possibility that the pair will move sideways near the daily SMA 200 point for now.
Today’s critical levels to watch:
Support: 1.0650, 1.0500
Resistance: 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360
GBP/USD
GBP/USD is inside the 1.2625 – 1.2800 area and looks to be moving up slowly at the moment. The pair will move inside the area and traders will wait for a close outside the area to confirm the direction of the next movement. If the pair moves down then the daily SMA 200 point is the support point to watch. Meanwhile, if there is a close above 1.2800 then the trend will continue bullish.
Today’s critical levels to watch:
Support: 1.2625, 1.2200, 1.2100, 1.2000
Resistance: 1.2800, 1.3000
USD/JPY
USD/JPY is currently still moving up slowly above 150.00. However, no higher swing high point was formed so the ongoing bullish trend has not been confirmed to continue. If the pair moves down sharply and closes below the daily SMA 200 then the situation may turn bearish. Meanwhile, further upside and the formation of a higher swing high point will confirm the continuation of the bullish trend.
Today’s critical levels to watch:
Support: 147.00, 145.00, 142.00, 141.00
Resistance: 150.00
AUD/USD
AUD/USD still failed to close above the daily SMA 200 point, and a bearish reaction formed yesterday. If the pair continues its weakness today and closes below yesterday’s low then the situation will turn bearish. Still the same as before, when there is a strong increase and close above the daily SMA 200 then the bullish trend can continue.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6170, 0.6000
Resistance: 0.6700, 0.6750, 0.6820, 0.7000