USDX (USD Index)
U.S. Dollar Index has resumed its broader downward trajectory following the latest employment data release, pushing cleanly past recent intraday consolidation levels. Price action is currently tracking lower, directly targeting the dynamic daily SMA 200 as its primary objective. If selling pressure pushes the index beneath this dynamic moving average to print a new lower swing low, it will decisively validate the structural breakdown and confirm a more aggressive bearish continuation scenario.
EUR/USD
EUR/USD advanced to challenge the key 1.1580 resistance ceiling, where it encountered a minor intraday rejection. Despite this brief stall, the broader structural posture for the pair remains firmly bullish. Price action is comfortably digesting recent gains inside the 1.1500 – 1.1580 horizontal corridor. As long as buyers defend the 1.1500 support base on any minor dips, the pair retains strong potential to stage a breakout above 1.1580 and extend its rally toward the daily SMA 200.
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 executed a decisive bullish bounce off the 1.3450 horizontal floor, erasing prior weakness and surging past the highs of the past two trading days. This resurgence in buying power demonstrates robust underlying demand. With price action breaking out above recent short-term highs, the pair appears well-situated to extend its current upside momentum and build a path toward testing the previous major swing high.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY experienced a sharp drop in reaction to the U.S. jobs report before staging a moderate recovery to trade near yesterday’s low. Despite this bounce, the broader market structure remains distinctly tilted to the downside. The overall technical outlook favors maintaining a bearish bias, where short-term upward retracements present opportunities to establish short positions once corrective momentum fades near overhead resistance.
Today’s critical levels to watch:
Support: 155.50
Resistance: 158.89, 160.00, 161.18, 162.00
AUD/USD
AUD/USD has turned higher once again, successfully pushing into new territory to record a fresh higher swing high. The pair continues to build a solid foundation above the crucial 0.7000 psychological handle, reinforcing the strength of the prevailing uptrend. With buyers remaining in clear control and technical structure supporting further upside, the pair stays on track to target the next significant resistance barrier at 0.7160.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160, 0.7300, 00.7330