USDX (USD Index)
U.S dollar index moving higher again and currently back near the green box area. There is chance the index will extend the bullish movement to retest the 100.00 level. On the upside, a break and close above 100.00 also the daily SMA 200 will change the trend bullish. As the index continue printing higher swing high and higher swing low in the latest upward movement, it seems the bull still has the upper hand.
EUR/USD
EUR/USD under bearish pressure and currently trade near the 1.1580 level. The pair could not print a new higher swing high in the latest upward attempt. If the pair turn lower, and print a new lower swing low, then the bearish trend will continue. On the lower side, the 1.1300 – 1.1330 and daily SMA 200 will become the target to watch.
Today’s critical levels to watch:
Support: 1.1500, 1.1360, 1.1300
Resistance: 1.1580, 1.1710, 1.1820
GBP/USD
GBP/USD continue to be supported near the 1.3125 level. The pair has not shown any strong reactions up until now. It seems the sideways situation will continue and traders will wait for further confirmation. On the upside, the daily SMA 200 and 1.3250 will become a major resistance level to watch. Meanwhile, a close below 1.3125 on the weekly time-frame will confirm bearish continuation.
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 extended the bullish movement and reach new higher high. The pair will attempt to continue the bullish movement to target 161.8% Fibonacci Extension level at 157.34. As the pair trading upward and print new higher high, there is no bearish sign yet, which mean traders will continue to hold long positions.
Today’s critical levels to watch:
Support: 151.00, 150.00, 149.20, 145.00, 142.00,
Resistance: 153.00
AUD/USD
AUD/USD strongly bearish as it fall below 0.6500 level. The pair might extend the bearish movement to test the daily SMA 200. If the pair close below the averages, printed a new lower swing low, then the trend will turn bearish. On the upside, the pair print a new lower swing high, which mean the bear still in control.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6250, 0.6000
Resistance: 0.6700