USDX (USD Index)

U.S dollar index halted its drop near the 96.10 but barely able to maintain the level. The index currently attempting to bounce from the support level. If the index could produce more bullish pressure then traders will expect the index to target 96.70 resistance level.

On the other hand, another bearish close below 96.10 could trigger further selling toward 95.50.

EUR/USD

The upward movement of EUR/USD managed to reach the 1.1450 resistance level. It seems the pair might be able to continue toward 1.1500. However, there is a weakness shown in today’s trading session. If the pair start moving lower then traders will use 1.1360 as a reference level to take long positions.

today critical levels to watch:

Support: 1.1360, 1.1300

Resistance: 1.1500

GBP/USD

GBP/USD rejected from the 1.2625 resistance level and closed below the daily SMA 200. No breakout and no bullish confirmation yet. At the current time, the pair has fallen below the previous day low. If the bear could continue to put bearish pressure then GBP/USD expected to start another bearish leg toward 1.2000 – 1.2200.

Today Critical level to watch:

Support: 1.2500, 1.2200, 1.2000

Resistance: 1.2625, 1.2800

USD/JPY

USD/JPY dragged lower toward the 106.70 support level. Fortunately, there is no bearish breakout below the support level. The pair currently trying to move higher and cancel the bearish pressure. No change to the pair outlook which trades between the 106.70 – 108.00 area.

Today critical levels to watch:

Support: 106.70, 105.00

Resistance: 108.00, 109.00, 110.00

AUD/USD

AUD/USD closed slightly higher above 0.7000 resistance level. However, there is no valid breakout yet above the resistance level. Today, the pair show bearish reaction but maintains the level inside previous day range. If the pair closes below the previous day low then AUD/USD set to start another bearish leg toward 0.6820.

Today critical levels to watch:

Support: 0.6820, 0.6750, 0.6700

Resistance: 0.7000, 0.7160