USDX (USD Index)

No breakout below the 93.00 support level. The index staged a bullish reversal today which has surpassed the previous day high. If the index could continue to add more bullish pressure and surpass the Friday high then it is set to continue toward 94.00 – 94.30 area.

EUR/USD

EUR/USD was rejected from the 1.1820 resistance level and set to continue its consolidation between 1.1710 – 1.1820. Traders will continue to assume the pair will continue its ranging movement until breakout happens. If the pair could maintain its position above 1.1710 then traders could enter long positions.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD pushed lower below the 1.3000 level today. The pair next direction will depend on where it closed at the end of the day. If the pair closed below 1.3000 then it might continue lower to target 1.28000. On the other hand, if a close above 1.3000 happens then GBP/USD could continue its bullish movement.

Today Critical level to watch:

Support: 1.3000, 1.2800, 1.2625

Resistance: 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY has not shown a major reaction at the current level. The pair has not reached the 105.00 support level yet. If the pair could reach the 105.00 support level, traders could consider entering long positions when a bullish reactions happen.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.00, 106.70

AUD/USD

AUD/USD could not extend its bullish movement after the breakout above 0.7160. The pair made bearish close yesterday and there is a bearish continuation today. Traders will observe the pair reaction at 0.7160. Without a major bearish close below 0.7160, AUD/USD could continue its bullish trend.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330