USDX (USD Index)

The upward movement of the U.S dollar index could not close above the 94.00 – 94.30 area. We have a bearish pin bar pattern formed and there is bearish follow-through below the pattern low today. U.S election currently in progress and it might influence the U.S dollar index direction later.

Traders might want to trade carefully or wait until the election result is announced.

EUR/USD

EUR/USD closed lower yesterday but there is a bullish reaction today after six-day bearish closes. We think the pair might stick near the 1.1710 level and waiting for a further clue in the next direction. If the pair start moving lower again then 1.1580 will become the target.

today critical levels to watch:

Support: 1.1580, 1.1500

Resistance: 1.1710, 1.1820, 1.2000

GBP/USD

GBP/USD pushed lower yesterday but managed to close near its opening level. The pair currently stage a bullish rally toward the 1.3000 resistance level. No conclusion yet on the pair next direction as the U.S election currently ongoing. Traders might want to wait until the result is announced before deciding on GBP/USD next direction.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY maintains the positions inside the 104.00 – 105.00 area. No breakout and it is expected to continue the consolidation with a bearish bias. We expect a bearish breakout will happen and USD/JPY will continue its bearish movement toward 101.50 and 100.00.

However, if the pair could close above 105.00 then traders might want to scale out of short positions.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD bounced from the 0.7000 support level and start moving higher today. The pair is building the bullish pressure and might reach 0.7160. At the current time, the AUD/USD range span between 0.7000 – 0.7160. It is better to wait for the U.S election result before jump into major positions.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330