USDX (USD Index)
U.S dollar index start moving upward before it could reach the 105.00 – 105.50 area. The index is building bullish pressure but has no strong momentum yet. If the index could close above 107.50 then there is a chance of continuation toward 109.77. On the other hand, if the index continues lower and close below the daily SMA 200 then the trend might turn bearish in long term.
EUR/USD
EUR/USD get rejected from the daily SMA 200 and currently trading near the 1.0339 level. The pair might consolidate near the area and wait for a breakout. If the pair breakout lowers then it could continue to target the parity level. Traders will use the bearish movement toward the support level for a chance to enter long positions.
Today’s critical levels to watch:
Support: 0.9500
Resistance: 1.0000, 1.0339
GBP/USD
GBP/USD turned lower after the touch on 1.2000 – 1.2200 area. The pair might continue lower to target the 1.1450 support level. If the pair could maintain the position above the support level and bounce from it without printing a new lower low then the bullish movement could continue. On the upside, a close above the daily SMA 200 might confirm a trend change.
Today’s critical levels to watch:
Support: 1.1450, 1.0500, 1.0000
Resistance: 1.2000, 1.2100, 1.2200
USD/JPY
USD/JPY has reached the 139.30 level and currently sticks near the level. No major movement away from the support level yet. Traders will continue to observe the pair reactions near the support level. If the pair continues moving lower then the trendline and 135.50 will become the next bearish target.
Today’s critical levels to watch:
Support: 140.00, 139.30, 135.19, 135.00
Resistance: 145.00, 150.00
AUD/USD
AUD/USD get rejected from the 0.6750 resistance level and now move lower below 0.6700. On the lower side, the pair might reach 0.6500 to test it. Traders will observe the pair’s reaction near the support level. If the pair could bounce from it then traders could enter long positions targeting 0.7000 and daily SMA 200.
Today’s critical levels to watch:
Support: 0.6500, 0.6000
Resistance: 0.6700, 0.6750, 0.6820, 0.7000