USDX (USD Index)
U.S dollar index moving upward and currently sitting at 97.50 level. The bullish pressure seems fading and the index might stall near the level. If there is no more bullish push, then we might see a bearish turn soon which bring the index down to target 93.97 level. On the upside, a close above 100.00 will invalidate the bearish trend.
EUR/USD
EUR/USD continue to maintain the position near 1.1710 level for now. The pair might stabilize near the current level and attempt to bounce upward to retest the 1.1820 resistance level again. If the pair resume the bearish correction, then 1.1500 – 1.1580 is the area to look for bounce and enter long positions.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820
GBP/USD
GBP/USD stick near the 1.3600 level and looks stabilizing. The pair might continue to maintain the position near the level and attempt to bounce upward. On the upside, 1.3835 and 1.4000 will become the bullish target to watch. On the lower side, 1.3450 will become the major support level to watch for bounce reaction when bearish correction continue.
Today’s critical levels to watch:
Support: 1.3600, 1.3450, 1.3330, 1.3300
Resistance: 1.3800, 1.4000
USD/JPY
USD/JPY touched the bottom of green box area and show bearish reaction today. The pair might resume the bearish trend and return inside the 142.00 – 145.00 area. However, there is potential the pair continue the upward movement to sweep stop order above the latest two swing high before continuing lower. Nevertheless, traders will maintain a bearish outlook on the pair for now and use each bullish correction as a chance to enter short positions.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD gain slightly in today trading session, but it stays inside previous day’s range. The pair might attempt to continue the bullish bounce and target 0.8700 – 0.8750 area. However, if the pair lose bullish pressure and start moving lower again, then traders will monitor the pair reaction at the green box area.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700