USDX (USD Index)
The U.S. Dollar Index is showing renewed bullish pressure, gradually climbing back toward the 100.00 level. The absence of a new lower swing low suggests that the previous bearish momentum is weakening, allowing the bull to regain control in the short term. This shift in structure indicates that the index may continue to move higher, although the pace of the advance remains measured. Sustained movement above the 100.00 level would strengthen the bullish case, while failure to hold gains could lead to another phase of consolidation.
EUR/USD
EUR/USD experienced a bearish rejection from the 1.1580 resistance level, reinforcing it as a strong barrier for upward movement. Following the rejection, the pair has entered a consolidation phase, with price hovering around the same region. The current structure suggests a mild bearish bias, as buyers struggle to maintain upward momentum. Unless the pair can move up and print new higher swing high, the situation will be sideways for now.
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 has come back under bearish pressure after slipping below the 1.3250 level, signaling that sellers are regaining control. The inability to sustain higher levels indicates that the broader bearish structure remains intact. As long as the pair remains below 1.3450, the downside bias is likely to persist. Any recovery attempts toward resistance levels will be closely watched for signs of rejection, which could reinforce the continuation of the bearish trend.
Today’s critical levels to watch:
Support: 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY has resumed its upward movement, suggesting that bullish momentum is rebuilding after a period of consolidation. The pair continues to hold above key support levels and has not formed a new lower swing low, maintaining a constructive structure. This supports the ongoing bullish outlook, with potential for further gains if price can continue to push higher and establish stronger upward momentum.
Today’s critical levels to watch:
Support: 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 160.00, 161.18
AUD/USD
AUD/USD initially faced bearish pressure but managed to recover, bringing price back within the previous day’s trading range. This behavior reflects indecision in the market, as neither buyers nor sellers have taken clear control. The pair is now positioned within a key decision zone. A move higher could target the 0.7000 level, while renewed selling pressure may push the pair back toward support near 0.6820. Future direction will largely depend on how price reacts within this range.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160