USDX (USD Index)

The U.S. dollar index has turned bullish for the past 2 days and has the opportunity to start continuing its increase. However, in general, the index position is not far from the bottom of the triangle pattern and also the daily SMA 200 point. There is a possibility that the index will move down first to test these two support points. However, consolidation within the triangle pattern will continue at this time and traders will wait for a close outside the area to confirm the direction of the next movement.

EUR/USD

EUR/USD maintains its position above the 1.0800 point and the daily SMA 200. The pair will try to continue its rise towards the 1.0900 point and the trendline. For the time being, the situation of the pair is still maintained in a triangle pattern and the sideway movement may continue for some time. Closing outside the area or the formation of a higher swing high / lower swing low point will confirm the pair’s next direction of movement.

Today’s critical levels to watch:

Support: 1.0650, 1.0500

Resistance: 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD

GBP/USD is stuck near 1.2800 for the time being, which means there has been no breakout from the 1.2625 – 1.2800 area. The pair will continue its consolidation between 1.2625 and 1.2800 for the time being and traders will observe the development of the situation. Closing outside the area followed by a movement with great momentum will confirm the direction of the next pair’s movement.

Today’s critical levels to watch:

Support: 1.2625, 1.2200, 1.2100, 1.2000

Resistance: 1.2800, 1.3000

USD/JPY

USD/JPY moved up again and immediately tested the swing high point formed previously. The bullish trend is still ongoing and there is no indication of a reversal at this time. If the pair experiences a bearish correction, traders will wait near the support point for the opportunity to add a long position in the pair.

Today’s critical levels to watch:

Support: 150.00, 147.00, 145.00, 142.00, 141.00

Resistance: 155.00

AUD/USD

AUD/USD has reached 0.6750 and is currently consolidating near this point. The pair still has the opportunity to continue strengthening through the 0.6750 point. However, if a bearish correction occurs in the pair, the 0.6700 points could become a support point that traders should pay attention to. Consolidation between 0.6700 – 0.6750 is likely to occur before the pair continues its trend.

Today’s critical levels to watch:

Support: 0.6500, 0.6350, 0.6170, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000