USDX (USD Index)

The U.S. dollar index is still trying to strengthen in today’s trading. However, the upward movement of the index has reversed downwards and now there is a possibility of continuation of the bearish movement. If the index continues its weakening, the point between 104.50 – 105.00 could be a target for decline.

EUR/USD

EUR/USD bounced up from 1.0500 and will now try to move towards 1.0650 again. The pair’s consolidation between 1.0500 – 1.0650 seems to be continuing and traders will wait for developments. A close above 1.0650 could be a bullish confirmation for the continuation of the movement towards the daily SMA 200.

Today’s critical levels to watch:

Support: 1.0500

Resistance: 1.0650, 1.0800, 1.0900, 1.1000, 1.1120, 1.1185, 1.1300, 1.1360

GBP/USD

GBP/USD is holding near 1.2200 for now even though it experienced weakness in today’s trading. The pair will try to continue its strengthening towards the daily SMA 200 point. If the pair can make a strong close above the daily SMA 200 then the situation can turn bullish.

Today’s critical levels to watch:

Support: 1.2100, 1.2000

Resistance: 1.2200, 1.2625, 1.2800

USD/JPY

USD/JPY was pushed down today but the pair has turned bullish again. The current situation of the pair is still sideways near the 150.00 point and we will wait for further reaction. If the pair breaks up and closes above 150.00 with strong momentum then the bullish movement will continue.

Today’s critical levels to watch:

Support: 147.00, 145.00, 141.00

Resistance: 150.00

AUD/USD

AUD/USD is experiencing another increase and will test the horizontal line on the daily chart. As written previously, the pair needs a close above 0.6500 to reverse the direction of the current bearish trend. If the pair move down and form a lower swing low point then the bearish trend will not end yet.

Today’s critical levels to watch:

Support: 0.6170, 0.6000

Resistance: 0.6500, 0.6700, 0.6750, 0.6820, 0.7000