USDX (USD Index)
The overall situation of U.S. dollar index is sideways between the 103.82 and daily SMA 200. There is no upward continuation toward the daily SMA 200 yet where traders will wait for a bearish chance. On the other hand, no bearish continuation to target the 100.00 support level yet too. If the index could close above the daily SMA 200 then the overall trend will turn bullish again for the medium-long term.
EUR/USD
EUR/USD managed to close above the 1.0650 resistance level. However, the pair immediately pushed lower and close below the level yesterday. It seems the consolidation near the level will continue and traders will monitor the market reactions. If the pair continue the bearish movement then 1.0339 and the daily SMA 200 will become the target. On the upside, 1.0800, 1.0900, and 1.1000 will become the target if the pair could break out with strong bullish momentum above 1.0650.
Today’s critical levels to watch:
Support: 1.0650, 1.0339, 1.0000, 0.9500
Resistance: 1.0800, 1.0900, 1.1000
GBP/USD
GBP/USD managed to close above 1.2000 but the pair experience bearish pressure and closed below it yesterday. Fortunately, there is no bearish continuation and a new lower low on the chart. As long as there is no lower low printed on the chart, there is a chance for the pair to reverse the bearish pressure and start a new bullish leg. A close above the daily SMA 200 will confirm the bullish reversal.
Today’s critical levels to watch:
Support: 1.2000, 1.1450
Resistance: 1.2100, 1.2200
USD/JPY
USD/JPY continues trading upward and retests the daily SMA 200 again. We still expect the pair to make a major bearish reaction near the averages. However, if the pair could close above the averages with a strong bullish close then the bullish trend will continue. On the lower side, the green box area will become the bearish target to watch when the pair get rejected from the averages.
Today’s critical levels to watch:
Support: 133.00, 130.00, 125.00
Resistance: 137.70
AUD/USD
AUD/USD failed to continue the bullish movement and make a close above the daily SMA 200. The pair settled inside the 0.6700 – 0.6750 area and will wait for further reactions. If the pair continue the bearish movement and print a new lower low then the bearish trend is set to continue. On the other hand, if the pair could close above the daily SMA 200 then there is chance of bullish reversal.
Today’s critical levels to watch:
Support: 0.6750, 0.6700, 0.6500, 0.6000
Resistance: 0.6820, 0.7000