USDX (USD Index)
A bearish movement below the daily SMA 200 and trendline occurred on the dollar index. This can confirm a change in the long-term direction of the trend in the index. However, the situation may change if the index turns up and closes above the daily SMA 200. For now, traders will continue to observe the development of the index situation near the 200 SMA and the trendline.
EUR/USD
EUR/USD moved up and immediately tested the 1.0900 point. The pair will try to break this point and continue its bullish trend. For now, there is no confirmation of a close outside the 1.0800 – 1.0900 area so traders will be waiting. When there is a close outside the area with strong momentum, that is when the next trend will be confirmed.
Today’s critical levels to watch:
Support: 1.0800, 1.0650, 1.0500
Resistance: 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360
GBP/USD
GBP/USD is increasing and approaching the 1.2800 point. Testing at the resistance point will occur and traders will wait for the reaction. As previously written, the pair is still maintained in the range 1.2625 – 1.2800, and a close outside this area is needed to confirm the next direction of movement of the pair.
Today’s critical levels to watch:
Support: 1.2625, 1.2200, 1.2100, 1.2000
Resistance: 1.2800, 1.3000
USD/JPY
USD/JPY weakened again and this time fell below the previous week’s low. It seems that the direction of movement will be bearish in the short-medium term. As written previously, the pair needs a close below the daily SMA 200 to confirm a long-term trend change from bullish to bearish.
Today’s critical levels to watch:
Support: 150.00, 147.00, 145.00, 142.00, 141.00
Resistance: 155.00
AUD/USD
AUD/USD moved up again and tested the 0.6700 point today. The pair has not yet managed to break this point and is currently still trading below it. Traders will wait for the daily close to determine whether the resistance point has been successfully broken or a bearish reversal will occur. The points 0.6750 and 0.6820 will be the targets for the next increase when the point 0.6700 is successfully broken.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6170, 0.6000
Resistance: 0.6700, 0.6750, 0.6820, 0.7000