USDX (USD Index)
U.S. dollar index turned upward again today, challenging yesterday’s high. If buyers maintain momentum, a breakout could develop, allowing the index to push higher toward the 100.00 resistance level. Meanwhile, the daily SMA 200 continues to serve as key underlying support. Price action near current levels will determine whether the index can secure a bullish extension or face rejection.
EUR/USD
EUR/USD came back under bearish pressure today following yesterday’s brief bounce off the 1.1580 support level. The pair appears poised to retest 1.1580, with sellers eyeing a potential breakdown lower. Should a decisive move below 1.1580 occur, downside momentum could accelerate toward lower technical boundaries. Conversely, holding above the support remains necessary for buyers attempting to resume a recovery toward the daily SMA 200.
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 printed a new lower low today, remaining on path toward the 1.3450 support level and the nearby daily SMA 200. Despite the immediate downside path, the current move is largely viewed as a bearish correction within the broader setup. As price approaches major support, traders will likely wait for bullish reaction signals before looking to position for long entries.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY saw renewed bullish pressure today, moving higher to challenge recent peaks. The price action indicates that the upward momentum remains intact and is likely to continue for now. With the bulls maintaining control, traders will wait for secondary confirmation or minor pullbacks before looking for fresh setups.
Today’s critical levels to watch:
Support: 158.89, 155.50
Resistance: 160.00, 161.18, 162.00
AUD/USD
Today’s critical levels to watch:
Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7300, 00.7330