USDX (USD Index)
The U.S. dollar index experienced a bearish close yesterday after the Fed meeting indicated there were no changes to the Fed’s policy. Even though it is bearish, no lower low has been formed so the index situation is still bullish for now. If the decline still occurs then the 105.00 point and the daily SMA 200 can become a trader’s attention for a bounce reaction.
EUR/USD
EUR/USD bounced up from 1.0650 so currently the situation of the pair is still neutral. The sideway movement will still take place near 1.0650 for now. If the pair can move up towards the daily SMA 200 and 1.0800 points then the consolidation between 1.0650 – 1.0800 will continue. Meanwhile, a decline below 1.0650 and the formation of a lower swing low point will confirm the continuation of the bearish trend.
Today’s critical levels to watch:
Support: 1.0650, 1.0500
Resistance: 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360
GBP/USD
GBP/USD is still holding near the daily SMA 200 point after the Fed’s announcement. The movement is still sideways and there is no confirmation regarding the direction of the next movement. If the bearish movement and the decline continue then the pair will try to form a lower swing low point. Meanwhile, a rise and close above the daily SMA 200 will open doors for further upside.
Today’s critical levels to watch:
Support: 1.2200, 1.2100, 1.2000
Resistance: 1.2625, 1.2800, 1.3000
USD/JPY
USD/JPY is moving down and will try to start a bearish correction phase. If the pair continues to weaken, the 150.00 points and the daily SMA 200 will be weakening targets that traders will focus on. As long as the pair can bounce up and form a higher swing high and swing low point, traders should continue to maintain long positions.
Today’s critical levels to watch:
Support: 150.00, 147.00, 145.00, 142.00, 141.00
Resistance: 155.00
AUD/USD
AUD/USD is still hovering near the daily SMA 200 and there is no confirmation of the next movement. Will the pair continue to weaken and form a lower swing low point? Or will the pair continue its increase and form a higher swing high point? Currently, the situation is still neutral and awaiting further confirmation.
Today’s critical levels to watch:
Support: 0.6350, 0.6170, 0.6000
Resistance: 0.6500, 0.6700, 0.6750, 0.6820, 0.7000