USDX (USD Index)

U.S dollar index made a neutral close yesterday after testing the 94.00 – 94.30 area. The index currently under pressure and testing the previous day low. If the index made further bearish close below the previous day low then traders will prepare for further weakness toward 93.00.

EUR/USD

EUR/USD maintained the close above 1.1710 level and currently continues its bullish movement above the previous day high. The pair might start moving between 1.1710 – 1.1820 in consolidation. Traders currently will wait for further reaction. If the pair make a bearish close below 1.1710 at the end of the day then we will expect a bearish continuation toward 1.1450 – 1.1500.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD sharply lower at the beginning of the day. The pair pushed lower toward the 1.2800 support level but managed to bounce from it. The pair currently trading above the opening level and getting near the 1.3000 resistance level. If the pair could continue higher and close above 1.3000 then traders will expect further bullish continuation.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY mostly sideways for several days and is expected to continue its sideways movement. At the current time, the pair is trading inside the triangle pattern and we might see a reaction from the top trendline soon. If the bearish movement happens then 105.00 and 104.00 are the support levels to watch.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.0, 106.70

AUD/USD

AUD/USD climbs above 0.7160 level today. The pair seems to build more bullish pressure and might restart its long-term bullish trend. However, if the pair suddenly turned lower and close below 0.7160 then traders will expect the bearish continuation toward 0.7000 and 0.6820.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330