USDX (USD Index)

U.S dollar index overall movement contained inside 96.70 – 97.50 last week. The index experienced selling and formed a bullish pin bar pattern on Thursday. Unfortunately, the pattern is not confirmed and the index might continue ranging between 96.70 – 97.50 for now.

EUR/USD

EUR/USD range span between 1.1185 – 1.1300 and expected to continue moving inside it this week. No clue on the next direction yet. Traders will continue waiting for the breakout of the range before placing major positions. We think the pair has more bullish odds.

today critical levels to watch:

Support: 1.1185, 1.1120

Resistance: 1.1300, 1.1360, 1.1500

GBP/USD

GBP/USD bearish pin bar pattern is not confirmed yet last week. The pair made a bullish close at the end of the week though it is not a strong bullish close. This week, the pair might continue moving upward and target the daily SMA 200. However, we think in the short-medium-term the pair direction is bearish toward the 1.2000 – 1.2200 support area.

Today Critical level to watch:

Support: 1.2200, 1.2000

Resistance: 1.2500, 1.2625

USD/JPY

USD/JPY bearish engulfing pattern is no confirmed yet. The pair maintained the position above the pattern low and might attempt to target 108.00 and SMA 200 again. At the current time, the pair range span between 106.70 – 108.00. Traders will monitor the pair movement between 106.70 – 108.00 for now.

Today critical levels to watch:

Support: 106.70, 105.00

Resistance: 108.00, 109.00, 110.00

AUD/USD

AUD/USD slowly climb toward 0.7000 resistance level from the 0.6820 support. The pair expected to test 0.7000 resistance soon and traders will monitor the reaction near the level. If the pair rejected then traders could enter a short position with 0.6820 as the target.

If the bullish breakout happens then 0.7160 will become the upward target.

Today critical levels to watch:

Support: 0.6820, 0.6750, 0.6700

Resistance: 0.7000, 0.7160