USDX (USD Index)
U.S dollar index is set to continue the bearish trend after the rejection from 100.00 level. However, there is no bearish continuation in today trading session. It seems the index will close the week slightly higher. Nevertheless, if there is bearish continuation next week, then traders could expect 97.43 as a bearish target to watch.
EUR/USD
EUR/USD is supported by 1.1300 – 1.1360, but no bullish continuation seen yet. The pair might consolidate near the area for now and decide where to move next week. We maintain bullish outlook in the pair and as long as there is no close below the latest bullish pin bar low, the trend will continue bullish. On the other hand, if the pair turn lower, then 1.1000 will become the bearish target to watch.
Today’s critical levels to watch:
Support: 1.1360, 1.1300, 1.1185, 1.1000
Resistance: 1.1500, 1.1580
GBP/USD
GBP/USD bounced from the 1.3450 support level, but there is no bullish continuation seen yet. The pair might maintain its position near the 1.3450 level for now, and traders will wait for further reactions. If the pair breakout lower, then 1.3250, 1.3300 – 1.3330 area will become a bearish target to watch. On the upside, we think the pair will continue the bullish trend and surpass 1.3600 resistance level.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300
Resistance: 1.3600
USD/JPY
USD/JPY bearish rejection from the 145.00 level has bearish continuation today. However, the bearish pressure seems limited as the pair trading near the previous day’s low. We might see bearish continuation in the upcoming week and the pair has 140.00 also 138.00 as bearish targets to watch.
Today’s critical levels to watch:
Support: 142.00, 140.00, 138.00
Resistance: 145.00, 149.20, 150.00
AUD/USD
AUD/USD stick near the daily SMA 200 and is set to close the week near it. The pair mostly sideways inside the green box area for now and traders will wait for breakout and close outside the range. When the pair breakout and close outside the area, traders will get confirmation on where the pair will move next.
Today’s critical levels to watch:
Support: 0.6350, 0.6250, 0.6000
Resistance: 0.6500, 0.6700