USDX (USD Index)
U.S dollar index resume the bearish movement and is set to print new lower swing low. The index might continue lower toward 97.43, then 95.00. We expect no bounce reactions from the support level. But, if a bullish bounce happens, then traders could use it as a chance to enter short positions in the U.S. dollar at a higher level.
EUR/USD
EUR/USD printed a new higher high and is set to continue the bullish movement toward 1.1710 and 1.1820 resistance levels. If a bearish correction happens, then the 1.1500 – 1.1580 area will become the support level to watch. Under current situation, traders will continue to add long positions when a bearish correction happens.
Today’s critical levels to watch:
Support: 1.1500, 1.1360, 1.1300, 1.1185, 1.1000
Resistance: 1.1580
GBP/USD
GBP/USD breakout from the 1.3450 – 1.3600 area with moderate bullish momentum. The pair printed new higher high which confirm a bullish continuation. However, the daily candlestick has not closed yet, which mean a bearish reversal could happen. Traders will monitor the closing level at the end of the day. If the pair manage to close above 1.3600 with strong momentum, then we expect continuation toward 1.3835 and 1.4000.
Today’s critical levels to watch:
Support: 1.3330, 1.3300
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY touched the green box area and show bearish rejection. The pair fall with strong bearish momentum and looks will resume the bearish trend. A close below 145.00 will confirm immediate continuation toward 142.00 support level. On the other hand, if the pair manage to close above 145.00 then there is chance of bullish bounce to retest the green box area.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD bounced from the daily SMA 200 and currently retesting the top of green box area. If the pair breakout higher with strong momentum, then the bullish trend could immediately continue. On the other hand, if there is no breakout and close outside the area, then the pair will continue the ranging movement inside the box area.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700