USDX (USD Index)

U.S dollar index stages a bullish reversal from the 93.00 support level. If the index could extend the bullish movement then we will expect it to target 94.00 – 94.30 area. On the other hand, if the bear manages to push the index to close below 93.00 and 92.60 then traders will prepare for further bearish continuation.

EUR/USD

EUR/USD was rejected from the 1.1820 resistance level. The pair expected to continue consolidation between 1.1710 – 1.1820. When the pair reach 1.1710 and form a bullish reaction, traders could consider entering long positions.

today critical levels to watch:

Support: 1.1710, 1.1600, 1.1580

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD closed below 1.3000 again. Fortunately, there is no lower low printed yet. If the bull could reverse the bearish pressure and make a close above 1.3000 then GBP/USD outlook will continue bullish. On the other hand, if the bear manages to secure another bearish close below previous day low then GBP/USD set to target 1.2800 and daily SMA 200.

Today Critical level to watch:

Support: 1.3000, 1.2800, 1.2625

Resistance: 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY continues consolidation near the 105.00 support level. The pair might stay under bearish pressure as there is no higher high printed yet on the chart. If the pair start moving lower and close below 105.00 then we will expect further bearish continuation below 104.00.

Today critical levels to watch:

Support: 105.00, 104.00, 101.50, 101.19

Resistance: 106.00, 106.70

AUD/USD

AUD/USD closed near the 0.7160 level. The pair might attempt to bounce from the support level and cancel the bearish outlook. On the other hand, if the pair move below 0.7160 and printed lower low then traders could expect it to target 0.7000 and 0.6820.

Today critical levels to watch:

Support: 0.7160, 0.7000, 0.6820

Resistance: 0.7300, 0.7330