USDX (USD Index)

U.S dollar index gets rejected from the 99.40 level. The index fell with strong bearish momentum yesterday but has no touch on the 97.50 support level yet. At the current time, the index stage recovery and will attempt to continue the bullish movement toward the 100.00 targets. No change to the bullish outlook yet as Russia – the Ukraine situation has not improved yet.

EUR/USD

EUR/USD is in a bullish corrective movement above the 1.1000 level. The pair might attempt to continue the upward movement but limited below the 1.1120 – 1.1185 area. Traders will observe the pair reaction and jump in a short position whenever a major bearish reaction near resistance level happens.

Today critical levels to watch:

Support: 1.1000, 1.0900, 1.0800

Resistance: 1.1120, 1.1185

GBP/USD

GBP/USD shows a bullish reaction but not a strong one. The pair might attempt to move upward and test the 1.3250 resistance level. Traders will wait near the resistance level for a chance to enter short positions. Above the level, there is the 1.3300 – 1.3330 area to watch. Without breakout above the level and a new higher swing high then the bearish trend will continue.

Today Critical level to watch:

Support: 1.3125, 1.3000

Resistance: 1.3250, 1.3300, 1.3330

USD/JPY

USD/JPY is mostly sideways inside the triangle pattern and will wait for a breakout from the range. At the current time, the pair is pressuring to the upside and print higher high. Will the pair continue the bullish trend above 115.90? Or will the pair continue the consolidation inside the triangle pattern?

Today critical levels to watch:

Support: 115.00, 114.50, 113.00, 112.00

Resistance: 115.90

AUD/USD

AUD/USD maintains the position near the daily SMA 200. No conclusion yet on the next direction but there is a chance of bullish continuation. If the pair continues moving upward then 0.7450 – 0.7500 is the target area. On the other hand, if the pair start moving lower again then 0.7160 is the bearish target.

Today critical levels to watch:

Support: 0.7330, 0.7300

Resistance: 0.7450, 0.7500