USDX (USD Index)
The U.S. dollar index remained under pressure, with the index moving below the psychological 100.00 level. While bearish momentum is evident, confirmation of a sustained trend shift is still pending as the index has yet to establish a new lower swing low. A decisive break and close below the 99.00 level, aligning with the daily 200-period moving average, would provide strong confirmation that the broader trend has turned bearish again. On the upside, a recovery and close above 100.67 would invalidate the immediate bearish outlook and suggest renewed strength.
EUR/USD
EUR/USD continued to push higher and managed to break above the 1.1580 level. However, the upside momentum appears limited, with price struggling to maintain distance from the breakout zone. The pair is currently consolidating near this level, indicating hesitation among buyers. Further price development around 1.1580 will be critical in determining whether the breakout can be sustained or if the move turns into a false break.
Today’s critical levels to watch:
Support: 1.1500, 1.1360, 1.1300
Resistance: 1.1580, 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD advanced above the 1.3250 level but encountered resistance in the 1.3300–1.3330 area. The rejection from this zone suggests that bearish pressure remains dominant in the broader structure. A confirmed move above 1.3450 would be required to shift the outlook toward a more bullish scenario. Until then, the pair remains within a corrective phase under bearish conditions.
Today’s critical levels to watch:
Support: 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY attempted to extend its decline from the 160.00 region, but downside momentum appears limited. The absence of a new lower swing low indicates that bearish pressure has been absorbed for now. Price is currently stabilizing, keeping the broader bullish structure intact. As long as no significant breakdown occurs, the pair retains the potential to resume its upward movement toward higher resistance levels.
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 continues to move higher, showing signs of a developing bullish correction. The pair is now approaching the 0.7000 level, which stands as a key resistance area. Price behavior around this level will be important in determining the next phase. A sustained move higher could signal a broader trend shift, while rejection may reinforce the continuation of the underlying bearish trend.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160