USDX (USD Index)
The U.S. dollar index has reached the daily SMA 200 SMA point and will now test that point. If an upward breakout occurs and then the index forms a higher swing high point then the bullish movement can continue. Conversely, a bearish rejection near the daily SMA 200 is a confirmation of the continuation of the bearish trend on the index.
EUR/USD
EUR/USD continues its weakness and has reached a point near the daily SMA 200. The pair will now test a point near the averages and traders will wait for a bullish reaction. When a bullish reaction occurs, it is confirmation for traders to enter a long position.
Today’s critical levels to watch:
Support: 1.0800, 1.0650, 1.0500
Resistance: 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360
GBP/USD
GBP/USD bounced from 1.2625 so the movement range between 1.2625 – 1.2800 is still maintained. There is no further confirmation regarding the pair’s movement which is still sideways. Traders will continue to wait for a close outside the area to confirm the direction of the next long-term movement.
Today’s critical levels to watch:
Support: 1.2625, 1.2200, 1.2100, 1.2000
Resistance: 1.2800, 1.3000
USD/JPY
USD/JPY penetrated above 147.00 so the situation of the pair changed to bullish again. Currently, the pair still has the opportunity to continue its upward movement and traders will wait near the resistance point. If the pair manages to rise and forms a higher swing high point then the bullish trend will continue.
Today’s critical levels to watch:
Support: 145.00, 142.00, 141.00
Resistance: 147.00, 150.00
AUD/USD
AUD/USD fell below the daily SMA 200 point now but it is expected that the pair will stay near that point. Consolidation is likely to happen and traders will wait for a bullish reaction for long position opportunities. If the pair still moves down and forms a lower swing low point then the bearish situation will 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