USDX (USD Index)

The bearish pressure on the U.S dollar index brought the index lower to close below 96.10 on a weekly basis. Although we have confirmed bearish close below 96.10, the U.S dollar index might reverse the bearish pressure and start moving higher again.

However, if the index continues lower then traders will observe the index reaction near the 95.50 and 95.00 support levels.

EUR/USD

EUR/USD ended the Friday trading day inside 1.1360 – 1.1450 range. The pair outlook is bullish and expected to continue upward to reach 1.1500 resistance level. This week, traders will monitor the pair bullish pressure toward 1.1450 – 1.1500.

today critical levels to watch:

Support: 1.1360, 1.1300

Resistance: 1.1450, 1.1500

GBP/USD

GBP/USD could not surpass 1.2625 and the daily SMA 200 last week. The pair settled below both levels but might make another attempt higher this week. Traders could see a triangle consolidation on the pair. If the pair get rejected from the resistances levels then the bottom of the triangle will become the support level to watch.

Today Critical level to watch:

Support: 1.2500, 1.2200, 1.2000

Resistance: 1.2625, 1.2800

USD/JPY

USD/JPY continues to maintain its position inside the 106.70 – 108.00 range. No change to the pair outlook yet which continues trading sideways inside the range. Traders will continue to apply ranging strategies again for now.

Today critical levels to watch:

Support: 106.70, 105.00

Resistance: 108.00, 109.00, 110.00

AUD/USD

AUD/USD closed the week near 0.7000 resistance level without a breakout above the level. The pair consolidation seems will continue this week near the resistance level. At the current time, there is no major bearish reaction which means it is not the time to short the pair yet.

If the pair could add strong bullish pressure above the current level then AUD/USD set to move higher and target 0.7160.

Today critical levels to watch:

Support: 0.6820, 0.6750, 0.6700

Resistance: 0.7000, 0.7160