USDX (USD Index)
The upward attempt by the U.S dollar index resulted in a bearish close or rejection from the 92.60 level. Currently, the index might continue moving lower to test the 92.00 support level. If a bearish breakout happens below 92.00 then traders will expect further bearish continuation.
Meanwhile, the index range span between 92.00 – 93.00, and a breakout needed to confirm the next direction.
EUR/USD
EUR/USD made a bearish turn and pressured the 1.1820 level yesterday. However, the pair managed to bounce and closed the day on the positive side at the end of the day. There is no bullish follow-through yet today. If the pair could climb further higher then 1.2000 is the upward target.
On the other hand, if the pair closes below 1.1820 then traders will prepare for more consolidation between 1.1710 – 1.1820.
today critical levels to watch:
Support: 1.1820, 1.1710, 1.1580
Resistance: 1.2000
GBP/USD
GBP/USD pushed lower initially yesterday but the pair managed to close the day near the 1.3250 level. Today, there is a bullish attempt but the pair still limited near the previous day high. Above the level, there is the 1.3300 – 1.3330 are which the pair needs to break.
Without breakout above the 1.3300 – 1.3330 area, GBP/USD might start moving lower again toward the 1.3125 support level.
Today Critical level to watch:
Support: 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3300, 1.3330
USD/JPY
USD/JPY was rejected from the 104.00 resistance level and closed lower yesterday. The pair direction has not changed yet and is expected to continue lower to target 101.50 and 100.00 support levels. At the current time, traders could continue to hold short positions.
Today critical levels to watch:
Support: 101.50, 101.19
Resistance: 104.00, 105.00, 106.00, 106.70
AUD/USD
AUD/USD still consolidate near the 0.7300 – 0.7330 area. The pair is waiting for a bullish breakout from the area. Similar to the previous day’s analysis, traders will wait for further reaction. If the pair start moving lower then 0.7160 will become the bearish target.
On the other hand, if a breakout happens then the 0.7450 – 0.7500 area will become the target.
Today critical levels to watch:
Support: 0.7160, 0.7000, 0.6820
Resistance: 0.7300, 0.7330