USDX (USD Index)

We have a bullish run in the U.S dollar index today as the index move above 93.00. A bullish breakout above 92.60 – 93.00 happen and the index might continue upward to target the 94.00 – 94.30 area. Traders will observe the closing level of the index today. If the index reverses its direction and closes below 93.00 then the bearish trend will continue.

EUR/USD

EUR/USD made bearish closes below 1.1820 and there is bearish follow-through today. The pair seems will target the 1.1710 support level and test it soon. If there is no bullish reaction from the level then the pair could continue lower to target 1.1580, and 1.1450 – 1.1500 area.

today critical levels to watch:

Support: 1.1710

Resistance: 1.1820, 1.2000

GBP/USD

GBP/USD falls below 1.3000 today, the pair might have the bullish scenario toward 1.3250 canceled. At the current time, the pair will test the major bullish candlestick low. Further weakness below the candlestick low will trigger further bearish movement toward 1.2800 and daily SMA 200.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050, 1.3125, 1.3250

USD/JPY

USD/JPY resumes its bearish movement below 105.00 and soon will test the 104.00 support level. If a bearish breakout happens then the pair expected to continue the long-term bearish trend toward 101.50. At the current time, traders will observe the reaction near 104.00.

Today critical levels to watch:

Support: 104.00, 101.50, 101.19

Resistance: 105.00, 106.00, 106.70

AUD/USD

AUD/USD bounced lower from the 0.7160 resistance level today. The pair is under risk of bearish continuation toward 0.7000 dan 0.6820. If the pair closed lower today then followed by another bearish close tomorrow then traders will prepare for weakness toward the 0.7000 and 0.6820.

Today critical levels to watch:

Support: 0.7000, 0.6820

Resistance: 0.7160, 0.7300, 0.7330