USDX (USD Index)

U.S dollar index bearish streak continue until last Friday where the index made bullish close the first time after eight days bearish close. The index might continue under pressure this week if there is no bullish follow-through. If bullish reaction happen then 97.50 and daily SMA 200 will become the target.

EUR/USD

EUR/USD climbed and reached the 1.1300 – 1.1360 target area. The pair showed a bearish reaction at the end of the week but might continue its upward movement. As long as there is no bearish close below the candlestick low then EUR/USD set to continue its upward movement.

At the current time, traders might want to avoid short positions until the bearish reaction confirmed.

today critical levels to watch:

Support: 1.1185, 1.1120

Resistance: 1.1300, 1.1360

GBP/USD

GBP/USD crossed above the daily SMA 200 also 1.2625 and confirmed further bullish continuation. However, the pair need to maintain the level above both resistance level this week. A lower close below the SMA 200 will hinder the bullish trend and start another consolidation inside 1.2000 – 1.2625.

Today Critical level to watch:

Support: 1.2500, 1.2200

Resistance: 1.2625

USD/JPY

USD/JPY extended its bullish close and managed to reach the level near 110.00. It is not far away from the resistance level and might reach it this week. If the pair could breakout above the resistance level then we think 111.00 is the minimum target the pair could reach.

Today critical levels to watch:

Support: 109.00, 108.00, 106.70

Resistance: 110.00

AUD/USD

AUD/USD has not shown any bearish sign after the pair crossed above daily SMA 200. Last week, the pair has reached the 0.7000 resistance level and stick near it. No major reaction yet from the resistance level at the current time. If the pair could climb and close above 0.7000 then we will expect continuation toward 0.7160.

Today critical levels to watch:

Support: 0.6750, 0.6700

Resistance: 0.7000, 0.7160