USDX (USD Index)
The bearish pressure on U.S. dollar index stopped as the index moving upward today. However, it might be a temporary reaction before further downside. On the upside, if the index could continue the bullish movement, then the daily SMA 200 will become target and place where bearish reversal might happen. On the lower side, the index is expected to target 100.00 after breakout from the current support level.
EUR/USD
EUR/USD started a bearish correction below the 1.0900. The pair almost reach the 1.0800 level today, but it makes a slight bounce reaction. If the pair continue the bearish correction, then it will target the daily SMA 200 or 1.0650. When the pair reaches the support level and produce bullish reactions, traders could enter long positions.
Today’s critical levels to watch:
Support: 1.0800, 1.0650
Resistance: 1.0900, 1.1000
GBP/USD
GBP/USD show bearish reaction from the 1.3000 resistance level today. The pair might be lower but no significant bearish correction yet. It might continue to consolidate near the 1.3000 level and traders will wait for major reactions. If the pair trade lower, then the 1.2800 and daily SMA 200 are the levels to watch for long positions.
Today’s critical levels to watch:
Support: 1.2800, 1.2625, 1.2200
Resistance: 1.3000
USD/JPY
USD/JPY moved lower today, but the pair managed to recover all of its loses and trading near the opening level now. It might continue the bearish movement, printing new lower swing low and lower swing high. On the upside, a close above 149.20 might turn the trend bullish for the short-term. Meanwhile, on the lower side, the pair is expected to target 145.00.
Today’s critical levels to watch:
Support: 145.00
Resistance: 149.20, 150.00, 151.00, 151.80
AUD/USD
AUD/USD turned lower again from the 0.6350 resistance level with moderate bearish momentum. It seems the pair will continue the consolidation inside the triangle area for now. Traders will wait for breakout and close outside the area to confirm the next direction. On the upside, the pair will target daily SMA 200 and 0.6500 resistance level.
Today’s critical levels to watch:
Support: 0.6250, 0.6000
Resistance: 0.6350, 0.6500, 0.6700