USDX (USD Index)

The bullish movement of the U.S dollar index is expected to continue as the index printed a new higher high. At the current time, the index is trading near the 95.00 level and will attempt to stick above it. If a bearish correction happens then the 94.00 – 94.30 area is the place to look for a bullish bounce.

EUR/USD

EUR/USD under pressure and settled at the 1.1456 support level last week. The pair might continue its downward movement and target 1.1360 also 1.1300. However, if a bullish correction happens then 1.1580 is the level to look for a bearish reversal. On the upside, a close above 1.1710 or daily SMA 200 will overturn the bearish trend.

Today critical levels to watch:

Support: 1.1360, 1.1300

Resistance: 1.1500, 1.1580, 1.1710

GBP/USD

The only direction of GBP/USD after bearish breakout below 1.3600 is down. Each bullish movement will be regarded as a bullish correction until a close above daily SMA 200 or 1.3600 happens. On the downside, traders will expect the pair to target 1.3250 and 1.3000 support levels.

Today Critical level to watch:

Support: 1.3330, 1.3300, 1.3250, 1.3000

Resistance: 1.3450, 1.3600, 1.3835, 1.4000

USD/JPY

USD/JPY reversed its bearish movement and closed the week higher near the 114.50 resistance level. The pair need to climb and close above 114.50 to continue moving upward toward 115.00 and 115.90. If the pair turn lower again then 112.00 is the support level to watch for bounce and long positions.

Today critical levels to watch:

Support: 113.00, 112.00

Resistance: 114.50, 115.00

AUD/USD

AUD/USD pressuring the 0.7300 – 0.7330 area last week. Fortunately, there is no breakout and close below the area. This week, the pair has climbed above Friday’s high and will attempt for bullish movement toward 0.7450 – 0.7550 area. A close above daily SMA 200 will confirm a bullish continuation in the pair.

Today critical levels to watch:

Support: 0.7330, 0.7300

Resistance: 0.7450, 0.7500, 0.7550