USDX (USD Index)

U.S dollar index initially fall with strong bearish momentum. However, the bearish movement immediately reversed, and the index seems to will close the day near the opening level. It means, there is chance for the index to extend the bullish movement toward 101.79 level or higher in the 103.00 – 103.74 area.

EUR/USD

EUR/USD attempting to return above 1.1300 – 1.1360 area, however, the pair experience bearish rejection. At the end of the day, the pair might close the week near the 1.1300 – 1.1360 area. If the pair extend the bearish movement next week, then traders will expect bearish correction toward 1.1120 – 1.1185 area.

Today’s critical levels to watch:

Support: 1.1300, 1.1185

Resistance: 1.1360, 1.1500, 1.1580

GBP/USD

GBP/USD pushed lower and is set to retest the 1.3250 support level again. If a bearish breakout happens, then the pair could continue the downward movement to target 1.3125 and the 1.3000 – 1.3050 area. At the current time, traders will wait near support level for bullish reactions. When there are bullish reactions, traders could enter long positions.

Today’s critical levels to watch:

Support: 1.3250, 1.3150, 1.3050, 1.3000

Resistance: 1.3300, 1.3330

USD/JPY

USD/JPY made a bearish movement today below the 145.00 level. However, the pair staging recovery and currently trading near the 145.00 and near the opening level too. It seems the pair has a chance to continue the bullish correction to target 146.56 or higher next week. Traders will wait for bearish reactions near the resistance level for a chance to enter short positions.

Today’s critical levels to watch:

Support: 142.00, 140.00, 138.00

Resistance: 145.00, 149.20, 150.00

AUD/USD

AUD/USD continue the bullish movement and has reached the daily SMA 200 today. The pair will test the resistance level and looking for breakout above it. As mentioned before, when the pair makes a bullish close above daily SMA 200 and 0.6500 then the trend will turn bullish for long-term.

Today’s critical levels to watch:

Support: 0.6350, 0.6250, 0.6000

Resistance: 0.6500, 0.6700