USDX (USD Index)

The bear made a sudden downward movement on the Friday trading session. At the end of the week, the index closed near 93.00. This week, the index might continue its bearish movement and attempt to close below 92.60 or 92.00. If the bear managed to close below both levels then traders will expect the continuation of the long-term bearish trend.

EUR/USD

EUR/USD extends its bullish movement and is closed near the 1.1820 resistance level. No change to the outlook yet, the pair has not left the 1.1710 – 1.1820 area. If the pair rejected from the 1.1820 resistance then traders will expect more ranging movement between 1.1710 – 1.1820.

However, if the pair continues further upside at the start of the week then there are high odds the pair will continue to target 1.2000.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD made a major bullish close above 1.3000 which confirms further bullish continuation. The pair now expected to move further upward and target the 1.3250 resistance level. Traders could use 1.3000 as a level to enter long positions when retests happen.

Today Critical level to watch:

Support: 1.3000, 1.2800, 1.2625

Resistance: 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY reversed at the end of the week and is now expected to move lower and target 105.00. On the lower side, 104.00 will become the major support level to watch. If the pair could maintain the positions above 105.00 then traders will expect another bullish attempt toward 106.70.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.00, 106.70

AUD/USD

AUD/USD made a bullish jump above 0.7160 and cancelled the bearish outlook. The pair now expected to continue its upward movement and target the 0.7300 – 0.7330 area. Traders will avoid short positions until the pair return below 0.7160 and printed a lower low.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330