Forex Technical Major Pairs Analysis | August 06, 2026

USDX (USD Index)

U.S. Dollar Index turned higher in recent trading, returning to test the critical 100.00 psychological level. It appears that consolidation near this key pivot boundary will persist for now as the market weighs directional momentum. A clear rejection at this level could trigger another downward attempt toward the daily SMA 200, whereas a sustained recovery above 100.00 would help negate immediate bearish pressure.

EUR/USD

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EUR/USD stalled near the midpoint of the 1.1500 – 1.1580 range and has turned lower in the near term. The pair may extend its pullback to retest the 1.1500 support level to build a new foundation. Despite this localized retreat, the broader technical structure retains an upward bias, with buyers continuing to eye the daily SMA 200 as the main target.

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 continues to consolidate close to the 1.3450 key level as price action remains largely range bound. Market momentum has temporarily flattened, pointing to a period of digestion following recent swings. The daily SMA 200 remains positioned below current price levels as a reliable dynamic support zone to monitor should a deeper correction unfold.

Today’s critical levels to watch:

Support: 1.3330, 1.3300, 1.3250, 1.3125, 1.3050, 1.3000

Resistance: 1.3450, 1.3600

USD/JPY

The bullish correction in USD/JPY extended further, pushing price action back above the daily SMA 200. While the short-term recovery has gained traction, traders are watching for signs of fading momentum and a eventual bearish reversal to align with the broader downtrend. Once this upward correction exhausts itself, it could present opportunities for short positions targeting lower support zones.

Today’s critical levels to watch:

Support: 155.50

Resistance: 158.89, 160.00, 161.18, 162.00

AUD/USD

AUD/USD remains on a broader upward trajectory, though price action drifted slightly lower today to trade beneath yesterday’s low. If this temporary downward pressure continues, the 0.7000 psychological level will likely be retested as support. Successfully defending the 0.7000 handle remains critical for buyers to keep the bullish trend intact and launch the next leg higher.

Today’s critical levels to watch:

Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7160, 0.7300, 00.7330

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