USDX (USD Index)

U.S dollar index pressured below the 93.00 support level. There is bearish movement below it but the index managed to close the week near the level. No conclusion yet on the index next movement. This week, traders will continue to monitor the index movement between 92.60 – 93.00.

EUR/USD

EUR/USD printed a bullish pin bar pattern last week. On Friday, there is a bullish attempt above the pattern but the pair closed inside the pattern range. This week, EUR/USD might retest 1.1820 or 1.1710 support levels. Traders will continue to monitor the pair reaction from the support levels.

today critical levels to watch:

Support: 1.1820, 1.1710, 1.1600, 1.1580

Resistance: 1.2000, 1.2070

GBP/USD

GBP/USD showed rejection from the 1.3000 resistance level. However, it was not a strong bearish reaction. The pair range span between 1.2800 – 1.3000 and is expected to trade inside it. If the bearish pressure mount and the pair fall below 1.2800 also daily SMA 200 then the trend will turn to complete bearish.

Today Critical level to watch:

Support: 1.2800, 1.2625

Resistance: 1.3000, 1.3050

USD/JPY

USD/JPY mostly bearish last week without any bullish close on the daily chart. The pair bearish trend almost reach July’s low. This week, the pair might continue its bearish movement below the July’s low. However, traders might want to prepare for a possible bounce before breakout eventually happen.

If the pair make a bounce then 105.00 will become the resistance level to watch.

Today critical levels to watch:

Support: 101.19

Resistance: 105.00, 106.0

AUD/USD

AUD/USD stick near the 0.7300 – 0.7330 area without a strong clue in the next direction. The pair expected to trade sideway near the resistance level this week. Traders will continue waiting for reaction near the resistance level. If bearish movement happens then 0.7160 and 0.7000 are the bearish targets.

Today critical levels to watch:

Support: 0.7300, 0.7160, 0.7000

Resistance: 0.7330, 0.7450, 0.7500