USDX (USD Index)
U.S. Dollar Index spiked upward and surpassed yesterday’s high, but price action gradually returned below that peak. Overall, the technical outlook remains bullish as the index retraced slightly before reaching the major 103.00 target zone. Should a deeper bearish pull develop, the 101.79 level will serve as the primary support floor.
EUR/USD
EUR/USD experienced renewed bearish pressure, touching down to the 1.1120 support level before price action slightly recovered. For now, traders will continue monitoring the pair’s immediate reactions at this base. If a stronger bounce reaction unfolds, the 1.1300 – 1.1330 area will become the key resistance zone to watch on the upside.
Today’s critical levels to watch:
Support: 1.1185, 1.1120
Resistance: 1.1300, 1.1360, 1.1500, 1.1580, 1.1710, 1.1820
GBP/USD
GBP/USD dipped below its recent swing low during intraday trading but managed to recover back to that support level. Overall, the pair appears to maintain its current consolidation range for the time being. On the upside, securing a daily close above the 1.3250 level will serve as the initial signal of a potential bullish reversal.
Today’s critical levels to watch:
Support: 1.3250
Resistance: 1.3300, 1.3330, 1.3450, 1.3600
USD/JPY
USD/JPY launched a bullish attempt early in the session, but price action retraced back toward its opening level. Without a clear breakout confirmation, the sideways consolidation continues, though today’s rejection wick indicates active resistance near current highs. The market remains neutral until price breaks away from the daily SMA 200.
Today’s critical levels to watch:
Support: 155.50, 154.00, 150.00
Resistance: 158.89
AUD/USD
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160, 0.7300, 00.7330