USDX (USD Index)

No bearish follow-through in the U.S dollar index despite the major bearish leg from 94.00 – 94.30 area toward 92.00. The index currently ranging between 92.60 – 93.00 and waiting for further clues. Traders will continue waiting for either breakout below 92.00 or another bullish attempt toward 94.00 – 94.30.

EUR/USD

EUR/USD gets stuck near the 1.1820 resistance level even though there is a higher high printed. The pair currently traded below 1.1820 and near the previous day low. If the pair made a bearish close below yesterday low then traders will prepare for a pullback toward 1.1710.

today critical levels to watch:

Support: 1.1710, 1.1580, 1.1500

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD closed above 1.3250 yesterday and there was a bullish continuation today. However, the upward movement is currently reversed, and the pair trading below the opening level. If the pair closes below 1.3250 then it might start a bearish correction toward 1.3125.

Today Critical level to watch:

Support: 1.3125, 1.3050, 1.3000

Resistance: 1.3250

USD/JPY

USD/JPY jump from below 104.00 might caught traders by surprise. The bullish momentum was strong but no higher high printed on the chart. The pair might consolidate near the 105.00 level for now while waiting for the trigger to move. Without higher high printed, there is a risk of bearish continuation.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.00, 106.70

AUD/USD

AUD/USD stick near the 0.7300 – 0.7330 area and keep attempting to breakout higher. Today, the pair made another bullish attempt but slowly lose its altitude. Will the pair breakout and continue upward to the 0.7450 – 0.7500 area? Alternatively, will it start moving lower to test 0.7160?

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330