USDX (USD Index)

U.S dollar index stage a bullish attempt on Friday trading session and managed to reach 94.00 resistance. However, the bullish pressure of the index could not print a close above the 94.00 resistance level. This week, the index might continue to stick near 94.00 and waiting for further reaction.

EUR/USD

EUR/USD maintained the close above 1.1710 level and expected to stick near the level this week. No conclusion yet on the next direction of the pair as the global market under pressure on the weekend. If the pair start moving lower again the 1.1580, 1.1450 – 1.1500 will become the supports to watch.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD has not left the consolidation area between 1.2800 – 1.3000. The pair managed to print a bullish close at the end of the week. It seems the pair will continue building bullish pressure to breakout above the 1.3000 resistance level this week. If the pair could close above 1.3000 then the bullish trend will be confirmed.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY tested the 105.00 support level last week and managed to bounce from it. No breakout and close below the level yet which means there is a chance for the pair to continue its bullish movement. If the pair closes below 105.00 then traders will expect a bearish continuation toward 104.00.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.0, 106.70

AUD/USD

AUD/USD bullish correction has reached the 0.7160 resistance level. The pair has not shown a major reaction from the level. This week, traders will wait for a further reaction from the level. If bearish movement happens then AUD/USD is expected to target 0.7000, 0.6820, and daily SMA 200.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330