USDX (USD Index)
The Fed decided to hold interest-rate steady and might hold it at least until 2023. U.S dollar index mostly sideways near the 93.00 level. No strong reaction from the level after the interest-rate announcement. However, the index made a bullish attempt today to bounce from the 93.00. At the current time, the bullish bounce 93.00 slowly losing momentum and the index has returned the previous day high.
EUR/USD
EUR/USD pushed lower and closed below 1.1820 yesterday. The pair extended its bearish movement today with a movement below the previous day low. However, the bearish pressure recedes and EUR/USD currently trades back above the previous day low.
If the pair could move further higher and close above 1.1820 then we might see a bullish continuation toward 1.2000 and 1.2070.
today critical levels to watch:
Support: 1.1710, 1.1600, 1.1580
Resistance: 1.1820, 1.2000, 1.2070
GBP/USD
GBP/USD reached the 1.3000 resistance yesterday and printed a more bullish close. The pair bullish movement after the bounce from the daily SMA 200 might turn into another long-term bullish leg. Traders will wait for a breakout above 1.3000 to get the bullish confirmation.
Today Critical level to watch:
Support: 1.2800, 1.2625
Resistance: 1.3000, 1.3050
USD/JPY
USD/JPY closed below 105.00 support level yesterday. The pair printed a lower low in today trading session which prompts for the continuation of the long-term bearish trend. Without a bullish reaction or bullish close on the chart, traders will assume the 105.00 level will become resistance when retest happens.
Today critical levels to watch:
Support: 105.00, 101.19
Resistance: 106.00, 106.70, 108.00
AUD/USD
AUD/USD continue to stick near the 0.7300 – 0.7330 area. The pair showed a bearish reaction today but it is currently traded back near the opening level. Without a strong bearish reaction, it seems AUD/USD could continue its bullish movement toward the 0.7450 – 0.7500 area.
Today critical levels to watch:
Support: 0.7160, 0.7000
Resistance: 0.7330, 0.7450, 0.7500