USDX (USD Index)

The bearish pressure on the U.S dollar continues to mount but no close below 96.70 support level. The index currently sticks near the level and waiting for further reaction. If a bearish close below the level happens then traders will prepare for further weakness toward 96.10.

On the other hand, if bounce happens then the index might reach 97.50.

EUR/USD

EUR/USD stick near the 1.1300 – 1.1360 area and waiting for further reaction. At the current time, there is a bearish reaction from 1.1360 but no continuation yet. As long as there is no bearish continuation below the bearish candlestick then traders could expect further upward movement above 1.1360.

today critical levels to watch:

Support: 1.1185, 1.1120

Resistance: 1.1300, 1.1360

GBP/USD

GBP/USD continues its bullish movement above the daily SMA 200 and set to target 1.2800 this week. Without major bearish reaction and close below daily SMA 200 then traders will expect the trend to continue bullish. However, if bearish close below 1.2800 happens then GBP/USD might return to consolidation inside 1.2000 – 1.2625.

Today Critical level to watch:

Support: 1.2500, 1.2200

Resistance: 1.2625

USD/JPY

USD/JPY sharply lower, rejected from the level near 110.00. The pair currently testing the 108.00 support level. If we have a close below 108.00 then USD/JPY might continue to move lower and target 106.70. On the other hand, a bounce from the 108.00 will help the pair to maintain consolidation between 108.00 – 110.00

Today critical levels to watch:

Support: 108.00, 106.70

Resistance: 109.00, 110.00

AUD/USD

AUD/USD closed above 0.7000 yesterday, but the pair currently show a bearish reaction and will attempt to move lower. We think the pair could extend its bullish movement toward 0.7160. However, bearish correction is welcomed too toward 0.6820 and 0.6700.

Today critical levels to watch:

Support: 0.6750, 0.6700

Resistance: 0.7000, 0.7160