USDX (USD Index)

U.S. Dollar Index has advanced with strong bullish momentum, pushing back up to retest its daily SMA 200. Despite the upward push, the broader technical situation remains unchanged, as traders appear content to keep the index swinging back and forth within a horizontal range ahead of next week’s highly anticipated FOMC monetary policy meeting. Expect continued range-bound conditions until a fundamental catalyst prompts a clear breakout.

EUR/USD

EUR/USD remains trapped inside a tight range bounded by support at 1.1580 and resistance near the daily SMA 100 / SMA 200 area above. With no breakout taking place, traders lack confirmation regarding the next major directional movement. Range-bound consolidation will likely persist until price action secures a decisive daily close outside these established boundaries.

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 moved lower during session trading but remains safely inside the 1.3450 – 1.3600 consolidation zone. The broader trend remains supported above the rising daily SMA 200, but neither buyers nor sellers have generated sufficient momentum to force a breakout. Expect continued sideways action inside this range for now.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY has launched a bullish correction off its recent swing low, pushing higher in a short-term pullback. The current upward bounce may extended further to retest the broken support level around 155.00 – 155.25, where sellers could resurface to push the pair lower once again. Traders can monitor this key retest zone for bearish price action signals aligned with the dominant downtrend.

Today’s critical levels to watch:

Support: 154.00, 150.00

Resistance: 155.50, 158.89

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