USDX (USD Index)
U.S dollar index made bullish attempt but mostly flat as it’s trading not far from the opening level. The consolidation might continue near the current level and traders will continue waiting for more confirmation. If the index resumes the bearish trend, then it will target the 93.97 level. On the upside, as long as the index stay below 100.00, the trend will continue bearish.
EUR/USD
EUR/USD pushed below the 1.1710 and print lower low. However, the pair manage to recover and currently trading not far from the opening level. The pair might resume the bullish trend and climb to retest 1.1820 level again. On the upside, 1.2000 will become the next bullish target to watch. On the lower side, if the pair continue the bearish correction, then 1.1500 – 1.1580 will become the support area to watch.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820
GBP/USD
GBP/USD is moving lower at initial trading session but manage to recover to the opening level. The pair looks will close the day near 1.3600 and continue the consolidation near it. If the pair resume the bullish trend, then it will target 1.3835 and 1.40000 resistance level. On the lower side, if the pair turn lower and reach 1.3450 then traders could use it as a chance to add long positions.
Today’s critical levels to watch:
Support: 1.3600, 1.3450, 1.3330, 1.3300
Resistance: 1.3800, 1.4000
USD/JPY
USD/JPY got rejected from the green box area but no strong bearish continuation yet. The pair might continue its attempt to breakout higher, but we maintain bearish outlook as long as it stays below the green box area. At the current time, we have lower swing high and higher swing low, which mean the trend is sideways. The next higher swing high or lower swing low will confirm the direction.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD launch upward with strong bullish momentum and printed new higher swing high. The pair is on the path upward to target 0.8700 – 0.8750 resistance area. As the upward movement has strong momentum and might close the day as marobozu pattern, traders could expect high-odds of bullish continuation.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700