USDX (USD Index)

The U.S dollar index closed near the 93.00 support level and today the index moving bearishly below the level. It seems the medium-term bearish trend in the index will continue. Traders will observe the 92.60 support level. A bearish close below the level will trigger major bearish movement toward 92.00 and lower.

EUR/USD

EUR/USD climbs above 1.1820 today and breakout above the 1.1710 – 1.1820 area. If the pair could maintain the bullish pressure and close above 1.1820 then traders will expect bullish continuation toward the 1.2000 resistance level. Traders who have long positions from the 1.1710 support level could continue to hold the positions for now.

today critical levels to watch:

Support: 1.1820, 1.1710

Resistance: 1.2000

GBP/USD

GBP/USD closed the previous day as a neutral candlestick. The pair currently building bullish pressure to breakout above the 1.3000 resistance level. Under the current weak U.S dollar index trend, we might see a breakout soon. A close above 1.3000 will become the initial indication that GBP/USD will target 1.3125 and 1.3250.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY turned lower and soon will retest the 105.00 support level again. As long as there is no breakout from the triangle area, USD/JPY is expected to continue moving inside the triangle area shown on the daily chart. If the pair closes below 105.00 then traders will expect further bearish attempt toward 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 extended its bearish movement and almost reach the 0.70000 support level. However, the pair make a bullish reaction today before it could reach the 0.7000 support level. The pair has climbed above the previous day high and might continue upward to retest 0.7160. Traders who have short positions from the 0.7160 could start scaling out or cover the positions.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330