USDX (USD Index)

U.S dollar index continue under bearish pressure and soon will reach the 92.00 support level. If the index breakout and close below 92.00 then traders will prepare for long-term bearish continuation. At the current time, it is better to wait for the reaction from 92.00 support level.

EUR/USD

EUR/USD slowly moving upward above the 1.1820 resistance level. There is no bearish close printed yet but the pair has yet to breakout above the beginning of month high. If the pair could continue its bullish movement then traders will expect further upside toward 1.2000.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000

GBP/USD

GBP/USD return to the 1.3300 – 1.3330 resistance area and currently testing it. The pair next direction will depend on the closing level at the end of day. If the pair could breakout and close above 1.3330 then it could extend the bullish movement toward 1.3450 – 1.3500 area

Today Critical level to watch:

Support: 1.3250, 1.3125, 1.3050, 1.3000

Resistance: 1.3300, 1.3330

USD/JPY

USD/JPY bearish movement continue and the pair has fallen below 104.00 support level. We expect the pair to target 101.50 and 100.00 support levels in the long-term. At the current time, traders will use previous swing low as nearest target.

Today critical levels to watch:

Support: 101.50, 101.19

Resistance: 104.00, 105.00, 106.00, 106.70

AUD/USD

AUD/USD stuck at the 0.7300 – 0.7330 area. The pair keep testing the area and looking for breakout. We think a breakout is imminent and the pair will target 0.7450 – 0.7500 area next. Traders who has long positions could continue hold the positions while waiting for reaction from the 0.7300 – 0.7330 area.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330