USDX (USD Index)

U.S dollar index is rejected from the 93.00 resistance level and currently moves lower. The index is testing the 92.60 support level and looking to move further lower toward 92.00. As the index trend is bearish for the medium-term, traders will assume the index will be able to extend its bearish movement toward 92.00.

EUR/USD

EUR/USD managed to close above 1.1820 and currently extending its bullish movement. If the pair could continue to maintain its bullish pressure then we will see the pair hanging near 1.2000 soon. Traders might want to avoid short positions for now until there is a major bearish pattern formed.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000

GBP/USD

GBP/USD bounced from the 1.3125 support level and currently getting near the 1.3250 resistance level. On the upside, there is a 1.3300 – 1.3330 area to watch. If the pair could breakout above the area then traders will expect GBP/USD to continue moving upside and target the 1.3450 – 1.3600 area.

Today Critical level to watch:

Support: 1.3125, 1.3050, 1.3000

Resistance: 1.3250, 1.3300

USD/JPY

USD/JPY lost its bullish momentum and traded lower below 105.00. The pair range span between 104.00 – 105.00 and is expected to continue consolidation inside it. However, the trend of the pair is bearish which suggesting traders weigh on bearish scenarios more than bullish scenarios.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD returned to the 0.7300 – 0.7330 area and looking for a bullish breakout above it. The pair show no bearish reaction yet today. Traders will observe the pair closing level at the end of the day. A close inside the 0.7300 – 0.7330 will prompt further upside toward 0.7450 – 0.7500.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330