USDX (USD Index)
U.S dollar trading higher again after yesterday’s FOMC interest-rate announcement. The index might attempt to extend the bullish movement toward the 100.00 level. Traders will observe the index reactions near the resistance level. When there is bearish reaction, traders could enter short positions in U.S. dollar with new lower swing low as target.
EUR/USD
EUR/USD losing more ground below the 1.1500 – 1.1580 area. The pair is currently waiting for more catalyst to move. On the lower side, 1.1300 – 1.1360 is the support area to watch when retest happen. Traders could continue to add long positions when bearish correction happen. However, a close below latest swing low 1.10662 or below daily SMA 200 will cancel the bullish outlook.
Today’s critical levels to watch:
Support: 1.1360, 1.1300, 1.1185, 1.1000
Resistance: 1.1500, 1.1580
GBP/USD
GBP/USD fell below the 1.3450 – 1.3600 area, which open the path lower to target 1.3250 and daily SMA 200. If the pair continue trading lower, then traders could use it as a chance to add long positions. However, if the pair close below 1.3125 or the daily SMA 200, then the trend might turn bearish for short-medium term.
Today’s critical levels to watch:
Support: 1.3330, 1.3300
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY holding out near the 145.00 level and no confirmation yet where the pair will move next. If the pair continue building bullish pressure, then traders could expect bullish continuation to target the green box area or the 150.00 level. At the current time, the pair has not breakout strongly outside the 142.00 – 145.00, which mean there is chance of ranging movement.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD stuck near the 0.6500 level and the sideways situation may continue. If the pair pushed lower, then the daily SMA 200 and the bottom of green box area will become the place to look for long positions. A strong bearish close below 0.6350 might become the confirmation that the trend has changed to bearish.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700