Forex Technical Major Pairs Analysis | September 15, 2021

USDX (USD Index)

Free $100 Forex No-Deposit Bonus

U.S dollar index continues its sideways movement near the 92.60 level. The index has not shown a major indication of where it will move next. Traders will assume the price will continue trading between 92.00 – 93.00 for now and waiting for a breakout.

EUR/USD

EUR/USD is mostly sideways near the 1.1820 level. There is nothing to do at the moment aside from waiting for further reaction. The pair could continue moving upward to target daily SMA 200 and 1.2000. It could also move lower to retest 1.1710 support level.

Today critical levels to watch:

Support: 1.1820, 1.1710, 1.1580

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD could not break out above the 1.3835 resistance level. The pair might continue to stick near the level for now until next week’s FOMC meeting. Traders will continue waiting for a breakout above 1.4000 or below 1.3600 for long-term direction confirmation.

Today Critical level to watch:

Support: 1.3600

Resistance: 1.3835, 1.4000, 1.4325

USD/JPY

USD/JPY under bearish pressure today, testing the previous day’s low. If the pair continues to maintain the bearish pressure and managed to print a close below the previous day’s low then it will confirm the breakout from the triangle pattern too.

Traders will observe closely the closing level at the end of the day to get better confirmation.

Today critical levels to watch:

Support: 109.00, 108.00

Resistance: 110.00, 111.00, 112.00

AUD/USD

AUD/USD is testing the 0.7300 – 0.7330 support area. No breakout below the level yet which means traders will wait for further reaction. A breakout and close below the area will trigger bearish continuation to retest 0.7160 support level. On the other hand, a bounce from the current level will bring the pair upward to retest 0.7450 – 0.7500 area also the daily SMA 200.

Today critical levels to watch:

Support: 0.7330, 0.7300, 0.7160, 0.7000

Resistance: 0.7450, 0.7500

Copyright © 2021. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.