USDX (USD Index)
U.S dollar index stay bullish despite the stock market upward movement. It seems a major pullback happened in the gold prices which start to flow to other instruments. Traders gearing toward next week FOMC meeting which could turn the trend for the rest of the year. Under current situation, no bearish continuation confirmation yet on the index. It might attempt to move upward to retest the 100.00 level.
EUR/USD
EUR/USD pushed lower and moving toward the 1.1580 support level. The pair might attempt to extend the bearish movement to target the 1.1500 if the 1.1580 broken. In another view, the pair is sideways inside the 1.1580 – 1.1710 area for now. A breakout from the range will confirm the pair next direction.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820
GBP/USD
GBP/USD slowly move lower after rejection from the 1.3450 resistance level. The pair might continue lower to retest the 1.3300 – 1.3330 area and the daily SMA 200. If the pair could maintain the level and bounce upward with strong bullish reactions, then the pair could continue the bullish trend. Otherwise, a breakout and close below 1.3250 could sign bearish continuation.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3450, 1.3600, 1.3800, 1.4000
USD/JPY
USD/JPY launch upward with strong momentum as it successfully bounce from the 150.00 level. The pair will attempt to extend the bullish movement and print new higher swing high. On the lower side, 149.40 is the new invalidation level for the current bullish movement.
Today’s critical levels to watch:
Support: 150.00, 149.20, 145.00, 142.00,
Resistance: 151.00, 153.00
AUD/USD
AUD/USD keep consolidating near the 0.6500 level as it is not far from the daily SMA 200. There is chance of bearish continuation to test the daily SMA 200. Traders will continue to observe the pair movement for now. If the pair manage to reach daily SMA 200 and form strong bullish reactions, then traders could enter long positions.
Today’s critical levels to watch:
Support: 0.6500, 0.6350, 0.6250, 0.6000
Resistance: 0.6700