USDX (USD Index)

U.S dollar index made a bounce from the 92.60 – 93.00 area. The index upward momentum has broken above the 94.00 resistance level today. If the bull could maintain its bullish pressure then we might see the index continue upward to target 95.00.

Despite the bullish movement, it seems the current movement is a reaction toward the looming U.S election. We might see a major change in movement depend on the election tomorrow.

EUR/USD

EUR/USD mostly lower and printed fifth consecutive bearish closes. The pair bearish pressure has not receded yet and it might reach the 1.1580 support level soon. Similar to the U.S dollar index analysis, the pair could experience a sudden change of sentiment depend on the election result.

today critical levels to watch:

Support: 1.1580, 1.1500

Resistance: 1.1710, 1.1820, 1.2000

GBP/USD

GBP/USD closed below 1.3000 support level but no lower low printed on the chart yet. The pair seems to take a pause and to wait for the U.S election result. Depend on the result, GBP/USD might jump above 1.3000 or continue lower to test 1.2800 and the red trendline.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY consolidates between 104.00 – 105.00 waiting for the trigger to move. The pair movement expected to be contained inside the range as the U.S election ongoing. Traders will wait sideline for now until the U.S election result announced and USD/JPY making major moves.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD reached the 0.7000 support level and currently stick near it. No bearish breakout happened yet and the pair expected to maintain the current level. Will a bearish breakout happens and the pair continue toward 0.6820? Alternatively, will the pair bounce and start moving upward to target 0.7160 again?

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330