USDX (USD Index)

U.S dollar index has reached the level near 97.43 level last week and there was slight bounce reaction. The index might continue to move near the current level until the FOMC interest-rate decision. Under current situation, traders will wait for the news release and decide the next direction after that. If the index turn higher, then the 100.00 level is the resistance level to watch. Traders might want to continue to stick with short positions in U.S. dollar until higher high or higher low printed on the chart.

EUR/USD

EUR/USD closed inside the 1.1500 – 1.1580 area last week which suggest upward continuation or ranging inside the area this week. If the pair immediately continue the bullish movement, then 1.1710 and 1.1820 are the potential targets to watch. On the lower side, breakout and close above 1.1500 – 1.1580 area will transform the area into a support area.

Today’s critical levels to watch:

Support: 1.1360, 1.1300, 1.1185, 1.1000

Resistance: 1.1500, 1.1580

GBP/USD

GBP/USD stay inside the 1.3450 – 1.3600 area, but there is chance of bullish breakout. This week, the pair might stick near the 1.3600 level until the FOMC interest-rate decision. Will the pair breakout and continue the bullish movement toward 1.3835 and 1.4000? Alternatively, will it continue to range inside the 1.3450 – 1.3600 area?

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300

Resistance: 1.3600

USD/JPY

USD/JPY got rejected from the 145.00 level but continue moving inside the 142.00 – 145.00 range. No breakout and close outside the range, which mean the pair will continue trading inside it this week. When a breakout and close outside the range happen, traders will get confirmation on the next direction. We still favor bearish breakout and suggest traders to continue to use 145.00 as a place to enter short positions.

Today’s critical levels to watch:

Support: 142.00, 140.00, 138.00

Resistance: 145.00, 149.20, 150.00

AUD/USD

AUD/USD closed the week near the 0.6500 which mean no confirmation on the next direction yet. The pair might continue to consolidate near the resistance level and traders will wait for more confirmation this week. After the announcement of interest-rate by the Fed, there might be clue on the next direction. If the pair retest the daily SMA 200 or the bottom of green box area, traders could use it as a chance to enter long positions.

Today’s critical levels to watch:

Support: 0.6350, 0.6250, 0.6000

Resistance: 0.6500, 0.6700