USDX (USD Index)
U.S dollar index is back under bearish pressure and currently trading near the 103.82 support level. There are bullish reactions today which bring the index higher. If the index could continue to add more bullish pressure and continue moving upward then there is a chance of a bullish reversal. However, if the index closes below 103.82 then it will continue the bearish movement toward the 100.00 support level.
EUR/USD
EUR/USD trading upward above 1.0650 with strong bullish pressure today. However, the bullish movement losing momentum and the pair looks to trade back toward the opening level. If the pair close near the opening level or below 1.0650 then the pair might resume the bearish movement to target 1.0339 and the daily SMA 200. On the other hand, if the pair could close above 1.0650 then we might see a continuation toward 1.0800, 1.0900, and 1.1000.
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 make a bullish movement and tested 1.2100, also the daily SMA 200. At the current time, the pair will continue to trade between 1.2000 – 1.2200 and traders will wait for closing outside of the range. If the pair could close above the daily SMA 200 and then 1.2200 then the bullish movement could continue. On the other hand, a major bearish reversal from the daily SMA 2100 will trigger a bearish continuation.
Today’s critical levels to watch:
Support: 1.1450
Resistance: 1.2000, 1.2100, 1.2200
USD/JPY
USD/JPY got rejected from the daily SMA 200 and start moving lower to target the green box area. The pair is expected to reach the area and wait for reactions. If the pair bounce from the area then we might see another retest on the daily SMA 200. However, if the pair could close below the green box area then the bearish movement could continue.
Today’s critical levels to watch:
Support: 133.00, 130.00, 125.00
Resistance: 137.70
AUD/USD
AUD/USD moving upward with strong bullish momentum today. The pair has surpassed three days of candlestick high and will attempt to continue upward to test 0.6700 – 0.6750 also the daily SMA 200. If the pair get rejected from the resistance levels then the bearish movement could continue. On the upside, a close above the daily SMA 200 will return the pair back to its bullish track.
Today’s critical levels to watch:
Support: 0.6750, 0.6700, 0.6500, 0.6000
Resistance: 0.6820, 0.7000