USDX (USD Index)

The U.S. dollar index bounced from 103.50 but did not see any continuation of the strong bearish run. The movement of the pair is still flat, not far from 103.50 for now and also near the trendline. Traders will wait for a stronger reaction to confirm the next direction of movement. If the index continues its upward movement then the daily SMA 200 point is a bullish target. If the index continues its bearish movement then the point 100.00 is a downside target.

EUR/USD

EUR/USD is consolidating near the 1.0900 mark for the time being. The movement of the pair is expected to remain bullish for the long term. However, if the pair continues its downward movement then the 1.0800 and 1.0650 levels will be the focus of traders. Traders will wait near support points for opportunities to enter long positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0650, 1.0339

Resistance: 1.0900, 1.1000

GBP/USD

GBP/USD fell to test 1.2625 and managed to bounce from it. Currently, the pair will try to continue the increase above the 1.2800 level and towards 1.3000. The trend is bullish and as written in the previous analyses, traders will wait near the support points for opportunities to enter long positions. However, a close below daily SMA 200 and a new lower low could overturn the current bullish trend.

Today’s critical levels to watch:

Support: 1.2625, 1.2200, 1.2100

Resistance: 1.2800

USD/JPY

USD/JPY is holding out near 145.00 and will now await for further reaction. The pair’s movement is still bullish in the long term and the next target is 147.00. If the pair starts a bearish movement from this point, traders can wait near 141.00 for opportunities to enter long positions. As long as the pair continue printing a new higher high and higher low, traders could continue assume the trend will continue bullish.

Today’s critical levels to watch:

Support: 141.00, 140.00, 139.30, 137.70, 133.00

Resistance: 145.00, 147.00

AUD/USD

AUD/USD fell sharply below the daily SMA 200 in last week’s trading. However, the bearish movement has been completely erased and the pair is now trading near the daily SMA 200. If the pair can close above the 200 SMA and also form a higher swing high point then the bullish trend can resume. 0.6700 – 0.6820 area will become the focus of traders for now.

Today’s critical levels to watch:

Support: 0.6700, 0.6500, 0.6000

Resistance: 0.6750, 0.6820, 0.7000