USDX (USD Index)
U.S dollar index turning higher today with strong bullish pressure. It is challenging the top of 99.00 – 99.50 range. If the index breakout higher, then the 100.00 level is the resistance to watch. Traders will monitor the closing level. Without any close outside the range, the index might continue the ranging movement between 99.00 – 99.50.
EUR/USD
EUR/USD back under bearish pressure and looks will move toward the 1.1580 level. The pair range span between the 1.1580 and the daily SMA 200. Under current situation, traders will watch for reactions near 1.1580. If the pair maintain the position and bounce upward, then we might see another retest on the daily SMA 200.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD fall below the 1.3450 level and heading toward the daily SMA 200. The pair will retest the level and traders will wait for reactions. Will the pair breakout lower and continue downward to target 1.3300 – 1.3330 area? Alternatively, will it bounce and close above the 1.3450 level again?
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY face bearish pressure at the beginning of day, but the pair make a recovery and currently has climb above the opening level. It also prints a new higher high which might become indication of bullish continuation. The same situation as yesterday, traders will stay cautious as the pair getting near the pre-intervention level by BOJ.
Today’s critical levels to watch:
Support: 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 160.00, 161.18
AUD/USD
AUD/USD back lower below the 0.7160 level which prolong the current consolidation near the level. The pair might continue trading sideways and eventually breakout. If the pair break lower, then the 0.7000 level is the target. On the other hand, if the pair continue upward, then it will target 0.7300 – 0.7330 area.
Today’s critical levels to watch:
Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7300, 00.7330