USDX (USD Index)
U.S dollar index maintain the position not far from the green box area. It might attempt to move upward to test the 100.00 level. However, if there is strong bearish reversal at the current level, then the bearish trend will continue. For now, it is better to wait and see reactions from the green box area. A close above 100.00 might delay the bearish trend. While, a close above daily SMA 200 might turn the trend bullish.
EUR/USD
EUR/USD trading near the 1.1580 level for now and might keep consolidating near it. The pair will wait for further reactions. If there is bearish continuation, then the 1.1500 could become the next target to watch. In the long-term, we still expect the pair to continue the bullish trend and reach a new higher swing high.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820
GBP/USD
GBP/USD bounced from the daily SMA 200 and currently under slight bearish pressure. If the pair could stabilize near the current level and bounce sharply higher, then the bullish trend will immediately continue. For now, traders better wait for further reactions while use the attempt to accumulate long positions.
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 recover after last week drop which fueled by Trump’s tariff threat against China. This week, the situation improve and a bounce from the broken swing high happen. As the current trend of the pair is bullish, traders will stick with the bullish scenario. No suggestion to turn bearish yet on the pair, as new structure being formed.
Today’s critical levels to watch:
Support: 151.00, 150.00, 149.20, 145.00, 142.00,
Resistance: 153.00
AUD/USD
AUD/USD return above the 0.6500 after last week massive drop below the level. It seems a reset has happened and flushed stop order below 0.6500. If the situation plays out then we might see strong bullish move from the current level. There is chance of the pair to consolidate near 0.6500 too until the FOMC meeting this month.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6250, 0.6000
Resistance: 0.6700