USDX (USD Index)
U.S dollar index stages a rally from the 93.00 support level. The index climb inside the 94.00 – 94.30 area but traders will wait for the U.S election to determine if the index will continue upward or not. At the current time, the index is limited below 94.00 and will wait for the election result.
EUR/USD
EUR/USD seems rejected from the 1.1710 level today as the pair move below the previous day low. However, the bearish pressure recedes and currently, the pair has climbed above the previous day low. If the pair could maintain its bullish pressure and return near 1.1710 then we might see a bullish breakout in the coming days.
today critical levels to watch:
Support: 1.1580, 1.1500
Resistance: 1.1710, 1.1820, 1.2000
GBP/USD
GBP/USD closed above the 1.3000 resistance level and currently attempting to maintain the level above it. Traders will wait for the closing level at the end of the day to determine if the pair could continue its bullish movement or not. On the other hand, if a bearish close happens then GBP/USD might start moving lower toward 1.2800, daily SMA 200, and the red trendline.
Today Critical level to watch:
Support: 1.3000, 1.2800, 1.2625
Resistance: 1.3050, 1.3125, 1.3250
USD/JPY
There is a spike in the price movement today. USD/JPY jumps above 105.00 but loses its bullish momentum currently. The pair continue trading between 104.00 – 105.00 and waiting for a breakout. As long as there is no close outside of the range, traders could assume USD/JPY will continue its ranging movement.
Today critical levels to watch:
Support: 104.00, 101.50, 101.19
Resistance: 105.00, 106.00, 106.70
AUD/USD
AUD/USD jumped and closed near the 0.7160 resistance level. There is bullish continuation today but the pair reverse and move below the opening level. No conclusion yet on the pair next direction. Traders might want to wait for the closing level of the day before deciding on major positions.
Today critical levels to watch:
Support: 0.7000, 0.6820
Resistance: 0.7160, 0.7300, 0.7330