The direction of the U.S dollar index continues sideways as the index trading near the 92.60 level. Same as mentioned in the previous analysis, at the current time, the index is consolidating between 92.00 – 93.00. Traders will continue waiting for the close outside of the range for the next direction confirmation. EUR/USD pushed lower yesterday but managed to recover most of its losses. The pair closed the day near 1.1820 yesterday. There is a bullish attempt today above the 1.1820 level. However, the pair seems losing bullish momentum and currently trading back near 1.1820. Will the pair bounce from 1.1820 and stage rally toward 1.2000 and SMA 200? Today critical levels to watch: Support: 1.1820, 1.1710, 1.1580 Resistance: 1.2000, 1.2070 GBP/USD stuck near the 1.3835 level for few days. The pair stage bullish movement today and managed to climb above the previous week’s high. However, the pair lost bullish pressure and return near 1.3835. We might see more consolidation near the level before the pair move either to 1.4000 or 1.3600. Today Critical level to watch: Support: 1.3600 Resistance: 1.3835, 1.4000, 1.4325 USD/JPY get rejected from the 110.00 resistance level and move lower with moderate bearish pressure. No breakout from the triangle area yet which means the pair might continue its consolidation. Traders will continue waiting for the breakout and close outside of the triangle area before deciding on the next major direction. Today critical levels to watch: Support: 109.00, 108.00 Resistance: 110.00, 111.00, 112.00 AUD/USD rejection from the 0.7450 – 0.7500 area has brought the pair down and reach the 0.7300 – 0.7330 area. We might see the pair consolidating near the level for now. If the pair closes below 0.7300 then we might see further weakness toward 0.7160. On the other hand, bounce and rally from the current level will open another chance for a retest on 0.7450 – 0.7500. Today critical levels to watch: Support: 0.7330, 0.7300, 0.7160, 0.7000 Resistance: 0.7450, 0.7500

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