USDX (USD Index)

U.S dollar index pushed lower below 92.00 and traded sideways the rest of the previous week. The index currently trading between daily SMA 200 and 92.00. We might see the consolidation continue and traders will wait for a breakout and close out of the range for now.

EUR/USD

EUR/USD trying to recover toward the daily SMA 200. The pair mostly trading sideway below it now. Traders will continue waiting for the pair’s reaction from the averages. If a lower low is printed this week then we might see further bearish movement toward 1.1820 and 1.1710.

Today critical levels to watch:

Support: 1.1820, 1.1710

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD rejection from 1.4000 brought the pair down but no touch on the 1.3835 support level again yet. The pair currently hanging in the middle of 1.3835 – 1.4000 and waiting for further development. If the pair continues moving lower, then 1.3835 and trendline will become support levels to watch.

Today Critical level to watch:

Support: 1.3835, 1.3600

Resistance: 1.4000, 1.4325

USD/JPY

USD/JPY limited below 111.00 and once again form a triangle consolidation. The current pattern is bullish which means the pair highly likely to break out and close above 111.00. Traders will observe the pair closing level either above the 111.00 resistance or below the trendline to confirm the next direction.

Today critical levels to watch:

Support: 110.00, 109.00

Resistance: 111.00

AUD/USD

AUD/USD managed to close the week above daily SMA 200 and avoided further weakness. The pair currently trading not far from the opening level. If the pair start moving lower again then traders will observe the reaction near the daily SMA 200.

Today critical levels to watch:

Support: 0.7550, 0.7500

Resistance: 0.7700