USDX (USD Index)

U.S dollar index weakness continues as the index gets near the daily SMA 200. It seems the situation might continue bearish for the index as the Fed started to shift its tight interest-rate policy. If the index manages to bounce from the current level with strong bullish momentum then the bullish trend could continue.

EUR/USD

EUR/USD stick near the daily SMA 200 and above the 1.0339 level. The pair will continue moving between both levels and traders will wait for movement out of the range. Will the pair continue the upward movement and make a close above the daily SMA 200 with strong momentum? Alternatively, will it get rejected and fall below 1.0339 to continue the bearish trend?

Today’s critical levels to watch:

Support: 1.0000, 0.9500

Resistance: 1.0339

GBP/USD

GBP/USD extends the upward movement and currently trading between 1.2000 – 1.2200. The pair might continue consolidation inside the area and traders will wait for a close outside of the range. At the current time, the pair also trading near the daily SMA 200 where a bearish rejection might happen too.

Today’s critical levels to watch:

Support: 1.1450, 1.0500, 1.0000

Resistance: 1.2000, 1.2100, 1.2200

USD/JPY

USD/JPY is back under bearish pressure near the 139.30 support level. We have drawn a triangle formation on the chart where the pair might bounce from it. If the pair could bounce from the level then it might continue upward to target the 145.00 – 150.00 area. On the other hand, a breakout below the area will confirm a bearish continuation toward the daily SMA 200.

Today’s critical levels to watch:

Support: 139.30, 135.19, 135.00

Resistance: 140.00, 145.00, 150.00

AUD/USD

AUD/USD trading upward and currently moving between 0.6700 – 0.6820. If the pair could continue the upward movement then it will target the daily SMA 200 and 0.7000. Traders will stay cautious and wait near the resistance level for a chance to enter short positions when bearish reactions happen.

Today’s critical levels to watch:

Support: 0.6500, 0.6000

Resistance: 0.6700, 0.6750, 0.6820, 0.7000