USDX (USD Index)

The bearish pressure on the 92.00 support level continues today as the index move below the previous day’s low. However, there is no lower low printed below the September low which means there is a chance for the index to bounce. At the current time, traders will wait for a further bearish close or a major bullish reversal pattern from the 92.00 support level.

EUR/USD

EUR/USD still hanging near the top and waiting for further reaction. The pair expected to continue its bullish trend and reach the 1.2000 resistance level. However, if bearish rejection happens then the pair might turn lower and test the 1.1820 support level.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000

GBP/USD

GBP/USD printed further bullish close yesterday and getting near the 1.3450 resistance level. On the upside, the pair will target 1.3450 and 1.3600. If the pair moves lower and reaches 1.3300 – 1.3330 or 1.3250 then traders could prepare long positions.

Today Critical level to watch:

Support: 1.3330, 1.3300, 1.3250

Resistance: 1.3450, 1.3500

USD/JPY

USD/JPY continues trading above 104.00 and currently under bearish pressure. The pair need a close below 104.00 and print a lower low on the chart to continue its bearish trend. If the pair closes above 105.00 instead and print a higher high then traders will expect a rally toward the daily SMA 200.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD maintains a close above 0.7300 – 0.7330 yesterday. The pair bounced from the 0.7330 and closed near its opening level. Today, there is a bullish attempt but no movement above the previous day’s high yet. Traders will expect the pair to continue moving upward and target the 0.7450 – 0.7500 area.

Today critical levels to watch:

Support: 0.7330, 0.7300, 0.7160

Resistance: 0.7450, 0.7500