USDX (USD Index)

U.S dollar index dipped below the daily SMA 200 and now on track to resume the bearish movement as it fall below yesterday’s low. If there is bearish continuation tomorrow, then we could expect another attempt at the 97.43 target. A new lower swing low will confirm the continuation of bearish trend. On the upside, if the pair immediately reclaim daily SMA 200 and print new higher swing high, then traders could expect 100.00 as target.

EUR/USD

EUR/USD climb above the 1.1710 level with strong momentum and looks will attempt to print new higher high, also target the 1.1820 for retest. As we mentioned, a close above 1.1820 will confirm the continuation of bullish trend. Meanwhile, the pair might also range between 1.1710 – 1.1820 until the next direction settled. Another bearish move and close below 1.1580 and daily SMA 200 might turn the trend bearish.

Today’s critical levels to watch:

Support: 1.1580, 1.1500, 1.1360, 1.1300

Resistance: 1.1710, 1.1820

GBP/USD

GBP/USD climb above the 1.3450 and looks will close the day above it. The pair is back inside the 1.3450 – 1.3600 range and currently has higher swing low at 1.33407. If the pair could close above 1.3600 or print higher swing high above 1.35662 then traders will get confirmation on the bullish continuation. Traders who has long positions will place stop order below 1.3300.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY made bullish attempt but slightly rejected at the 158.894. No change to the bullish situation, the pair is currently continue printing higher swing high and higher swing low. It is either a close below 157.442 or above 159.468 which will confirm the pair next direction. Traders will continue hold long positions while waiting for a close on either side to confirm what to do next.

Today’s critical levels to watch:

Support: 155.50, 155.00, 153.00, 151.00

Resistance: 158.89, 160.00

AUD/USD

AUD/USD climb with strong bullish momentum today, printing a new higher swing high, also complete the 0.6820 target. If the bullish momentum continues tomorrow, then traders could expect upward continuation to target 161.8% level at 0.6890. Under current situation, traders could wait for bearish correction toward broken swing high 0.6769 for chance to add long positions.

Today’s critical levels to watch:

Support: 0.6600, 0.6560, 0.6500

Resistance: 0.6700, 0.6750, 0.6820