USDX (USD Index)
U.S dollar index has not continued the bearish movement with strong momentum after the 100.00 rejection. The index continue to trade not far from the level and might stay sideways for now. Traders will wait for further confirmation, whether the index continues the bearish trend and retest the 100.00 level. On the upside, a close above 100.00 & the daily SMA 200 might cancel the bearish outlook.
EUR/USD
EUR/USD is trading above the 1.1580 and attempting to print higher swing high to confirm the bullish continuation. At the current time, the 1.1580 will become a support level to watch if the pair turn lower again. On the upside, a close above 1.1710 is the major bullish confirmation. In the higher time frame view, the pair is currently moving between 1.1500 – 1.1820 and will attempt to breakout from the range.
Today’s critical levels to watch:
Support: 1.1500, 1.1360, 1.1300
Resistance: 1.1580, 1.1710, 1.1820
GBP/USD
GBP/USD turn lower to retest the 1.3125 level again. It manages to maintain the position above the level and might close the week above it. On the weekly time-frame, as long as there is no close below 1.3125, the bearish trend has not confirmed yet. A close above 1.3250 and daily SMA 200 might become the bullish continuation confirmation.
Today’s critical levels to watch:
Support: 1.3125, 1.3050, 1.3000
Resistance: 1.3250, 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY pushed lower but immediately recover above the opening level. The pair looks will extend the bullish movement to target the 161.8% Fibonacci Extension level. No major bearish correction, which mean traders will keep holding long positions or stay sideline. If the pair make a bearish correction, then the 151.64 level is the support level to watch.
Today’s critical levels to watch:
Support: 151.00, 150.00, 149.20, 145.00, 142.00,
Resistance: 153.00
AUD/USD
AUD/USD pushed below the green box area but immediately recover inside it again today. The pair might continue the ranging movement inside the box area and traders will monitor the pair movement inside the range for now. On the lower side, as long as the pair stay above 0.6500 or daily SMA 200 then the situation will stay bullish.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6250, 0.6000
Resistance: 0.6700