USDX (USD Index)

U.S dollar index moving sideways without new higher high or lower low. The index might continue the sideways movement for now until next FOMC meeting. Or we might see movement nearing the event which we expect bearish movement. However, if the index trading upward, then the 100.00 level is the place to look as bullish target.

EUR/USD

EUR/USD closed near the 1.1710 level and bounced from it today. The pair maintained the position inside the 1.1710 – 1.1820 area and will attempt to resume bullish trend. If the pair turn lower again, then it might target the 1.1580 level. On the upside, a close above 1.1820 will confirm bullish continuation.

Today’s critical levels to watch:

Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300

Resistance: 1.1820

GBP/USD

GBP/USD maintained the position near the 1.3450 level and currently moving upward. The pair might attempt to reclaim the level above the trend line. We could say, no new lower swing low printed in the latest bearish attempt. If the pair could climb above 1.3600 and print a new higher swing high, then the bullish trend will continue.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250, 1.3125, 1.3050, 1.3000

Resistance: 1.3600, 1.3800, 1.4000

USD/JPY

USD/JPY maintained the position near 147.15 for now. If the support level broken and a new lower swing low printed, then the pair could continue lower to target the 145.00 and 142.00 level. However, if the pair bounce upward with strong momentum, then it might target the 150.00 level for retest.

Today’s critical levels to watch:

Support: 145.00, 142.00,

Resistance: 149.20, 150.00, 151.00

AUD/USD

AUD/USD stay near the top of green box area and currently consolidating near it. The pair direction is bullish but traders could expect more consolidation near the green box area. Under current situation, traders will continue to use the area to accumulate long positions. A close below the area or 0.6500 might cancel the current bullish outlook.

Today’s critical levels to watch:

Support: 0.6500, 0.6350, 0.6250, 0.6000

Resistance: 0.6700