USDX (USD Index)

No bullish reaction from the 92.00 support level and the index closed below it last week. There is bearish follow-through today. If the index could maintain its bullish pressure then traders will expect a bearish continuation toward 90.00. If the index moves upward then 92.00 will become the major resistance level to watch.

EUR/USD

EUR/USD on the path upward and soon will reach the 1.2000 resistance level. There is no change to the outlook yet. Traders could continue to hold long positions while waiting for a reaction from the 1.2000 resistance level. If the bullish pressure continues to add-up then EUR/USD might reach 1.2200 before the end of the year.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000, 1.2200

GBP/USD

GBP/USD made a bearish close on Friday’s trading session. The pair supported by the 1.3300 – 1.3330 area and currently stick near it. Traders are preparing for Brexit negotiation which is expected to end with a no-deal scenario. As long as the pair stays above 1.3250, there is a chance for further bullish movement.

Today Critical level to watch:

Support: 1.3330, 1.3300, 1.3250

Resistance: 1.3450, 1.3500

USD/JPY

USD/JPY trend is bearish but the pair have not continued its bearish trend. At the current time, the pair trade near the 104.00 level and waiting for further reaction. If the bearish trend will continue then USD/JPY needs to print a lower low below the previous swing low.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD moving upward today but the pair lost upward momentum. The pair currently trades near its opening level and might close the day flat. We think the current weakness of the U.S dollar index is the driving force behind AUD/USD bullish pressure. However, the conflict between Australia – China and gold weakness might hamper the upward movement.

Today critical levels to watch:

Support: 0.7330, 0.7300, 0.7160

Resistance: 0.7450, 0.7500