USDX (USD Index)

U.S dollar index bounce from the 92.60 – 93.00 losing bullish momentum. The index could not close above the bullish pin bar high and currently fall below 93.00. If the index resumes its long-term bearish trend then traders will expect the index to reach the 92.00 support level again.

EUR/USD

EUR/USD managed to bounce from the 1.1820 support level. The pair currently moving upward and soon will test the previous week high. Further bullish pressure could bring the pair higher to target 1.2000 and 1.2070. Despite the bullish situation, the pair range currently spans between 1.1710 – 1.2000 and might continue inside it.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1600, 1.1580

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD slowly turned bullish near the 1.2800 support level and the daily SMA 200. If the pair start moving higher then it will target the 1.3000 level. Without any close above the 1.3000, traders will assume the current bearish leg will continue to retest daily SMA 200.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY pushed lower yesterday and made a bearish close. The pair has not left the triangle pattern and expected to continue moving sideways inside the range. We think the pair will continue its bearish trend and target the 105.00 again. At the current time, traders will wait for further breakout confirmation from the triangle range.

Today critical levels to watch:

Support: 105.00, 101.19

Resistance: 106.00, 106.70, 108.00

AUD/USD

AUD/USD stick near the 0.7300 – 0.7330 resistance area. The pair make a bullish attempt above the area today. If the pair could close above the 0.7330 then it is expected to resume the long-term bullish trend. On the other hand, if the pair make a strong bearish close at the current level, traders will assume the pair will target 0.7160 and 0.7000 support levels.

Today critical levels to watch:

Support: 0.7160, 0.7000

Resistance: 0.7330, 0.7450, 0.7500