USDX (USD Index)

No winner yet in U.S dollar index consolidation between 92.60 – 93.00. The index seems will continue its consolidation for now while waiting for a major update on the U.S election and the coronavirus vaccine. Similar to the previous analysis, if the index break below 92.60 and 92.00 then we have a major bearish continuation confirmation.

EUR/USD

EUR/USD entered the 1.1710 – 1.1820 area and is expected to continue moving inside the range for now. The pair currently moving upward and testing the 1.1820. Traders could expect the pair to settle near the level at the end of the week. Next week, the consolidation will continue and traders will wait for a breakout.

today critical levels to watch:

Support: 1.1710, 1.1580, 1.1500

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD rejection from the 1.3250 brought the pair to close below 1.3125 yesterday. The pair currently attempting to bounce from the level and resume its bullish movement above 1.3250. Will the pair continue moving upward and resume its bullish trend toward 1.3450 – 1.3500?

Today Critical level to watch:

Support: 1.3125, 1.3050, 1.3000

Resistance: 1.3250, 1.3300

USD/JPY

USD/JPY could not print higher high on the daily chart. The pair currently move lower to test the 105.00 support level. If the pair breakout below 105.00 and continues to close below 104.00 then it is expected to resume the long-term bearish trend.

On the other hand, if the pair printed higher high above the previous swing then the bearish trend might get canceled.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.00, 106.70

AUD/USD

AUD/USD rejected from the 0.7300 – 0.7330 area and made a bearish close yesterday. The pair might continue its bearish movement to test the 0.7160 support level. When the pair reached 0.7160, traders could consider entering long positions on a bullish reaction.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330