USDX (USD Index)

The bullish pressure on the U.S dollar brought the index higher above 90.00. However, at the end of the previous day, the index settled back below 90.00 near the opening level. At the current time, the index is building bullish pressure to overcome the 90.00 level again.

We think the price will continue trading near the 89.60 – 90.00 area while traders waiting for the release of U.S job data tomorrow.

EUR/USD

EUR/USD currently trading near the 1.2200 level. The pair fell below the level yesterday but managed to recover all of its losses to close near its opening level. At the current time, there is bearish pressure toward the level. Traders will expect the pair to continue trading sideline near 1.2200 – 1.2300 for now until tomorrow U.S job data.

Today critical levels to watch:

Support: 1.2070, 1.2000

Resistance: 1.2200, 1.2300

GBP/USD

GBP/USD maintained the positions yesterday after initially pushed lower. At the end of the day, the pair closed on the positive side. Today, there is bullish pressure testing previous’s days high. We think the pair will continue trading not far from the current level and continue its upward movement to 1.4325 later.

Today Critical level to watch:

Support: 1.4000, 1.3835, 1.3600

Resistance: 1.4325

USD/JPY

USD/JPY continues the triangle consolidation and will wait for a breakout. The pair might move with strong momentum tomorrow after the release of U.S job data. We still think the trend is bullish and the pair will target 111.00 also 112.00.

Today critical levels to watch:

Support: 109.00, 108.00, 106.70

Resistance: 110.00, 111.00

AUD/USD

AUD/USD has not left the yellow box area which means there is no change to the current situation. The pair will continue trading sideline inside the range while waiting for a breakout. We favor a bullish scenario toward 0.8000 but it is better to wait for breakout and close confirmation to determine the next direction.

Today critical levels to watch:

Support: 0.7750, 0.7700

Resistance: 0.7800, 0.8000