USDX (USD Index)

The U.S dollar index is maintaining its bullish pressure in today’s trading with a new high. However, the index is currently trading back near the opening level and will wait for the release of FOMC minutes of meeting. Market sentiment will be influenced by this release which will reflect the Fed’s view of the future economic situation and condition. If the index continues its upward movement, the daily SMA 200 is a bullish target to watch.

EUR/USD

EUR/USD was pushed further down and formed a lower low than the previous day. The bearish situation has reversed at the moment as the pair is rising above its opening level. If the pair continues to weaken, the 1.0650 support level is a downside target as well as a place where traders can consider entering long positions.

Today’s critical levels to watch:

Support: 1.0800, 1.0650, 1.0339

Resistance: 1.0900, 1.1000

GBP/USD

GBP/USD attempted to move up today but has reversed and pushed down below the opening level. As written in the previous analyses, the pair’s further decline could take place towards the 1.2000 – 1.2200 area and the daily SMA 200. Traders will wait near these support points for opportunities to enter long positions.

Today’s critical levels to watch:

Support: 1.2200, 1.2100, 1.2000, 1.1450

Resistance: 1.2625, 1.2800

USD/JPY

USD/JPY has traded above the daily SMA 200 and is trying to add to its gains. The movement of the pair will still be bullish with the daily SMA 200 as a support level. The release of FOMC minutes of meeting is likely to have a big influence on the movement of USD/JPY today. Traders will continue hold long positions or scale out of positions until the market show reactions after the news release today.

Today’s critical levels to watch:

Support: 133.00, 130.00, 125.00

Resistance: 137.70

AUD/USD

AUD/USD is not in a good situation with the pair continuing to move down and forming lower lows. Pair has a chance to continue weakening towards the point 0.6500. If there is a reversal in the upward direction, the pair will try to move towards the 0.6700 – 0.6750 area and the daily SMA 200.

Today’s critical levels to watch:

Support: 0.6500, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000