USDX (USD Index)

U.S dollar index turn lower with strong bearish momentum and currently move below the daily SMA 200. If the bearish pressure continues gaining momentum, then we will see the continuation of bearish leg. However, if the index turn higher again and manage to print higher swing high, also close above 100.00, then the trend will turn bullish.

EUR/USD

EUR/USD bounced sharply from the 1.1580 and daily SMA 200 . The pair immediately extend the bullish movement and reach the 1.1710 level. If there is no major rejection from the level, then traders could expect more upside in the coming days. On the upside, a close above 1.1820 will confirm the continuation of long-term bullish trend. On the lower side, the new higher swing low at 1.1580 is the major support level to watch now.

Today’s critical levels to watch:

Support: 1.1580, 1.1500, 1.1360, 1.1300

Resistance: 1.1710, 1.1820

GBP/USD

GBP/USD turn higher before it could reach the 1.3300 – 1.3330 area. The pair reached the 1.3450 level and show slight weakness near it. It might stick near the level for now and attempt to extend the bullish movement. On the upside, a close above 1.3600 will confirm the continuation of bullish trend. On the lower side, a new lower swing low or a close below daily SMA 200 will become the confirmation that the trend might turn bearish.

Today’s critical levels to watch:

Support: 1.3330, 1.3300, 1.3250

Resistance: 1.3450, 1.3600

USD/JPY

USD/JPY show bullish sign near the previously broken swing high and looks moving higher today. The pair will attempt to resume the bullish trend and reach new higher swing high. On the upside, 159.633, 160.00 and 161.829 are the targets to watch. As we have a higher swing low now, a movement below the level could become initial sign of bearish reversal.

Today’s critical levels to watch:

Support: 155.50, 155.00, 153.00, 151.00

Resistance: 158.89, 160.00

AUD/USD

AUD/USD extended the bullish movement and moving away from the 0.6700 level. The pair touched the 0.6750 resistance level and show slight rejection. It is a minor reaction, which suggest traders to continue hold long positions. We expect a breakout and close above the level will happen. The pair will target 0.6789, 0.6800 and 0.6820 resistance levels next.

Today’s critical levels to watch:

Support: 0.6600, 0.6560, 0.6500

Resistance: 0.6700, 0.6750, 0.6820