USDX (USD Index)
The movement of the U.S dollar index turned bearish near the 105.00 – 105.50 area. At the current time, the index is building bullish pressure to target the 110.00 level. If the index could close above the level then there is a chance of bullish continuation. On the other hand, if the index closes below 105.00 or the daily SMA 200 then it will enter a bearish trend.
EUR/USD
EUR/USD perfectly reached the daily SMA 200 and get rejected from the averages. At the current time, the pair is trading lower and will target a parity level. If the pair could bounce from the parity level then there is a chance of bullish continuation. As long as there is no new lower low printed on the chart then the trend could turn bullish for the long term.
Today’s critical levels to watch:
Support: 1.0000, 0.9500
Resistance: 1.0339
GBP/USD
GBP/USD was slightly lower after the test on the 1.2000 – 1.2200 area. The pair might continue moving lower to target the 1.1450 support level. Traders will continue to monitor the price reactions near the 1.2000 – 1.2200 area for now. On the lower side, traders could enter long positions near the 1.1450 support level when there are major bullish reactions.
Today’s critical levels to watch:
Support: 1.1450, 1.0500, 1.0000
Resistance: 1.2000, 1.2100, 1.2200
USD/JPY
USD/JPY starts moving upward from the 139.30 support level. The pair will attempt to continue the bullish trend and test the 145.00 – 150.00 area. If the pair closes below 139.30 then we might see a continuation toward 135.50 and the trendline. If the pair fails to close above 150.00 then a new lower high might be printed around 145.00 – 150.00.
Today’s critical levels to watch:
Support: 140.00, 139.30, 135.19, 135.00
Resistance: 145.00, 150.00
AUD/USD
AUD/USD starts moving lower after the rejection from the 0.6700 resistance level. The pair will target the 0.6500 support level where it might form a new higher low. Traders could monitor the reactions near 0.6500 for a chance to enter long positions when a bullish reaction happens. On the upside, the daily SMA 200 and the 0.7000 resistance level will become an upward target.
Today’s critical levels to watch:
Support: 0.6500, 0.6000
Resistance: 0.6700, 0.6750, 0.6820, 0.7000