USDX (USD Index)

The U.S. dollar index appeared to weaken in today’s trading after a decline in U.S. treasury yields. If the situation changes, the index could start to move down and carry out a bearish correction. The 105.00 point will be a downside target that traders need to pay attention to. As long as no lower swing high point formed, there is still a chance for the bullish movement to continue.

EUR/USD

EUR/USD moved up above 1.0500 after a bearish trend that has been going on for some time. The pair will try to move up and target the point 1.0650. The trend direction is still bearish so traders who plan to enter long positions will be careful and treat long positions as more speculative positions.

Today’s critical levels to watch:

Support: 1.0500

Resistance: 1.0650, 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD

GBP/USD looks to be moving up today after falling below 1.2100. The pair also moved towards 1.2000 but now the direction of movement has changed to bullish. If the pair can continue its upward movement and close above 1.2200 then the situation can turn more bullish in the short – medium term.

Today’s critical levels to watch:

Support: 1.2100, 1.2000

Resistance: 1.2200, 1.2625, 1.2800

USD/JPY

USD/JPY has reached 150.00 and there seems to be a significant bearish reaction. However, the pair is also slowly recovering and will try to move up again. The increase toward 150.00 also occurred last year where intervention was finally carried out by the BOJ so that the pair fell at the end of the year. Will the BOJ intervene again and push USD/JPY down as sharply as last time?

Today’s critical levels to watch:

Support: 147.00, 145.00, 141.00

Resistance: 150.00

AUD/USD

AUD/USD has formed a lower swing low point so the bearish trend has the opportunity to continue. Today the pair is seen moving up and will try to erase the decline that occurred yesterday. As written previously, if the pair can continue its upward movement and close above 0.6500 then the situation can turn bullish.

Today’s critical levels to watch:

Support: 0.6170, 0.6000

Resistance: 0.6500, 0.6700, 0.6750, 0.6820, 0.7000