USDX (USD Index)
U.S dollar index is moving near the broken swing low and looks maintaining positions below it for now. The index is expected to resume the bearish movement to target 95.00 then 93.97. If the index makes deeper bullish pullback, then the broken swing low at 97.72 will become the resistance level to watch.
EUR/USD
EUR/USD stalled at the 1.2000 level after printing new higher swing high. The pair situation is bullish and a bearish pullback toward 1.1820 is a normal situation. If the pair make a bearish correction, then traders could use it as chance to add long positions. 1.2000 – 1.2070 is the resistance area to watch. A breakout above it will open the path toward 1.2200 & 1.2300.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820
GBP/USD
GBP/USD has reached the 1.3835 level and stalling near it. The pair no making a major bearish correction and looks sticking near the level. On the lower side, 1.3600 is the major support level to watch for bullish reactions. On the upside, 1.40000 will become the next target to watch.
Today’s critical levels to watch:
Support: 1.3600, 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3835, 1.40000
USD/JPY
USD/JPY make a bullish test on the green box area yesterday and looks slightly lower today. The pair might resume the downward movement to target the 150.00 and daily SMA 200. There is no change to the bearish outlook, however, there is also chance the pair turn upward to close the bearish gap. Nevertheless, traders will keep shorting the pair when there is bullish correction until a new structure formed.
Today’s critical levels to watch:
Support: 153.00, 151.00
Resistance: 155.00, 155.50, 158.89, 160.00
AUD/USD
AUD/USD maintain the position above the 0.7000 level. There is sweep to the upside and to the downside today which show high volatility situation. So far, the pair holding out above 0.7000 and might continue to close above it. On the upside, 0.7160 will become the target if the pair immediately continue the bullish movement.
Today’s critical levels to watch:
Support: 0.6600, 0.6560, 0.6500
Resistance: 0.6700, 0.6750, 0.6820