USDX (USD Index)

U.S dollar index tumbled toward the 95.50 and 95.00 support level. The index tested the 95.00 support level yesterday and closed near it. Today, there is not much movement yet in the index. As long as there is no close below 95.00, traders will assume the index will bounce and target 95.50 also 96.10.

EUR/USD

EUR/USD bullish pressure continues and the pair closed above 1.1500. There is further bullish pressure in today’s trading session. Will the pair continue moving upward to test 1.1580? Alternatively, will it start moving lower and retest the 1.1500 or 1.1450?

today critical levels to watch:

Support: 1.1500, 1.1450, 1.1360, 1.1300

Resistance: 1.1580

GBP/USD

GBP/USD extended its bullish movement above the 1.2625 and almost reached the 1.2800 resistance level. The pair currently waiting for further development. The bull will aim for a higher high above 1.2800 to confirm the start of the medium-long-term bullish trend.

Meanwhile, the pair movement might be contained between 1.2625 – 1.2800 for now.

Today Critical level to watch:

Support: 1.2625, 1.2500

Resistance: 1.2800

USD/JPY

USD/JPY pushed lower in the previous trading day. Fortunately, there is no close below 106.70 support level. The pair expected to continue to maintain the positions inside 106.70 – 108.00 range as long as there is no breakout. Traders could use the moment to enter long positions near the 106.70.

Today critical levels to watch:

Support: 106.70, 105.00

Resistance: 108.00, 109.00, 110.00

AUD/USD

AUD/USD launched toward the 0.7160 and soon will reach it. When the test on 0.7160 happen, traders could observe and enter short positions. Only enter short positions when there is a major bearish reaction from the level. If the pair continues upward then 0.7330 is the resistance level to watch.

Today critical levels to watch:

Support: 0.7000

Resistance: 0.7160, 0.7330