USDX (USD Index)

No breakout below 92.00, it means the index maintained its position inside 92.00 – 93.00 area. Today, the index has moved above the previous day high. Traders will observe the index reaction inside 92.00 – 93.00 area for now. We think the bearish trend will resume when the index failed to breakout above 93.00.

EUR/USD

EUR/USD rejected from the 1.2000 resistance level and formed a bearish pin bar pattern. The bearish pattern has a follow-through today and the pair soon will reach the 1.1820 support level. If the pair could maintain the positions above 1.1820 and 1.1710 then we expect the bullish trend to continue.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1600, 1.1580

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD rejected from the 1.3450 – 1.3600 area and attempted to move lower today. The pair find support around 1.3330 and currently has moved back above the previous day low. If the pair could continue to maintain the bullish pressure then traders will expect a bullish continuation above 1.3450 – 1.3600 area.

Today Critical level to watch:

Support: 1.3300, 1.3250

Resistance: 1.3450, 1.3600

USD/JPY

USD/JPY bearish engulfing pattern has no follow-through. The pair gradually move higher and soon will erase the loss incurred. If the pair continues moving upward then it will test 106.70 and 107.05. As long as there is no breakout above the levels, USD/JPY expected to maintain its bearish trend.

Today critical levels to watch:

Support: 105.00, 101.19

Resistance: 106.00, 106.70, 108.00

AUD/USD

AUD/USD printed a bearish pin bar pattern yesterday and the pattern confirmed today. The pair currently move below previous day low and soon will reach 0.7330. If the pair continues its bearish movement then it might target 0.7160 and 0.7000.

Traders could consider entering long positions when the pair reach 0.7160 or 0.7000 and formed a bullish reaction.

Today critical levels to watch:

Support: 0.7330, 0.7160

Resistance: 0.7450, 0.7500