USDX (USD Index)
The U.S. Dollar Index continues to show bullish pressure as it tests the key 100.00 psychological level. Price action has been steadily pushing higher, indicating increasing demand for the dollar in the current environment. A confirmed breakout above 100.00, accompanied by the formation of a new higher swing high, would strengthen the case for bullish continuation. However, failure to break decisively above this level may result in short-term consolidation, as traders assess the strength of the current move.
EUR/USD
EUR/USD failed to extend its recovery toward the daily SMA 200 and has turned lower once again, indicating that upward momentum remains limited. The rejection suggests that sellers are still active at higher levels. The pair is currently trading above the 1.1500 support level, which now becomes the key area to watch. Price is expected to retest this level in the near term as bearish pressure builds. A sustained move below 1.1500 could open the door for further downside, while holding above it may keep the pair within a broader consolidation phase.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD faced rejection near the 1.3450 level and has since turned lower, moving back below the daily SMA 200. This development suggests that the recent upward movement has lost momentum, with sellers regaining control. The current price action points toward a potential continuation of the downside move, with the 1.3250 level acting as the next key support to monitor. A break below this level could reinforce bearish momentum, while on the upside, a close above 1.3450 will confirm the start of new bullish leg.
Today’s critical levels to watch:
Support: 1.3250
Resistance: 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY continues to trade near its recent highs, maintaining upward pressure as bullish momentum persists. The pair remains supported, with price action indicating a potential continuation of the current trend. The 160.00 level stands as a key threshold. A sustained move above this level could open the path toward the 161.18 area, which serves as the next upside target. As long as price holds near the highs, the bias remains tilted to the upside, with further gains possible if resistance is cleared.
Today’s critical levels to watch:
Support: 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 160.00, 161.18
AUD/USD
AUD/USD has posted its first significant close below the 0.7000 level, followed by bearish continuation, indicating a shift in momentum toward the downside. This development suggests that the pair may be entering a more sustained bearish phase. The break below this key level reinforces selling pressure, with price now likely to target lower support zones. The next levels to watch are 0.6820, followed by 0.6750 as potential downside objectives. Unless the pair can reclaim the 0.7000 level, the overall bias remains bearish in the near term.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160