USDX (USD Index)
U.S. Dollar Index has continued its upward trajectory, successfully printing a new higher swing high. This price action firmly confirms the underlying bullish trend, suggesting the market is positioned for further upside momentum in the near term. Given the current structure, any short-term bearish corrections should be viewed as a strategic opportunity to add long positions, particularly if the index pulls back toward the psychological 100.00 level.
EUR/USD
EUR/USD has decisively extended its bearish downward move, notably closing below the critical 1.1500 support level. With this breakdown, sellers remain fully in control, and the pair is now positioned to target the previous swing low. The immediate downside focus for the pair shifts heavily to the 1.1300 – 1.1360 support area.
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 closed below the significant 1.3250 mark, continuing its downward progression and finding reactions near the previous swing low. While the pair is attempting a minor intraday recovery and is currently trading just above today’s opening level, the broader technical structure remains heavy. As long as the price stays contained below the 1.3250 resistance, the path of least resistance remains lower.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY has broken decisively above the high of the Bank of Japan (BOJ) intervention candle and is currently showing no signs of weakness. Capitalizing on the broader strength of the U.S. dollar, the pair continues to march upward, fully invalidating previous bearish setups and confirming that the bulls are back in control of the trend.
Today’s critical levels to watch:
Support: 160.00, 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 161.18
AUD/USD
AUD/USD remains stuck near the 0.7000 psychological handle, though it is managing to sustain trading just above it for the time being. The market currently lacks clear directional conviction at this crucial support level. Traders will likely remain on the sidelines, waiting for more definitive price reactions or a momentum shift before committing to the next major move.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160, 0.7300, 00.7330