USDX (USD Index)
The U.S. Dollar Index dropped below the 100.00 level, signaling a bearish attempt. However, the move has not created a new lower low, indicating that downside momentum still lacks confirmation. Price is currently hovering around the 100.00 area, which continues to act as a key support zone. The reaction here suggests that sellers are present, but buyers are still defending the level. Traders will continue to observe the price behavior around this zone. With U.S. inflation data scheduled tomorrow, the release could become the main catalyst for the next directional move.
EUR/USD
EUR/USD pressured the 1.1580 resistance level and managed to climb above it, signaling a bullish attempt. However, the pair has yet to print a new higher high, indicating that the breakout still lacks full confirmation. Price is currently holding above the level, but momentum remains limited. The next key area to watch is the daily SMA 200, which could act as a decisive resistance. A close above the daily SMA 200 may become the key trigger for further upward continuation. Otherwise, the pair could return to consolidation if follow-through buying fails to develop.
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 climbed above the 1.3250 level, indicating short-term strength. However, the pair is now approaching key resistance levels that will determine the next move. Traders will focus on the daily SMA 200 and the previous swing high. A clear move above these levels could signal further upside, while failure may result in continued consolidation. For now, the pair is likely to remain in a consolidation phase until a stronger breakout occurs.
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 remains mostly sideways, with no significant change in the current structure. The pair continues to consolidate below the 160.00 level, reflecting a lack of strong momentum. This type of price action suggests the market is waiting for a catalyst before making its next move. A breakout above 160.00 could open the path toward higher levels, while rejection may keep the pair range-bound.
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 is showing strong bullish pressure, indicating that buyers are gaining control in the short term. The recent move suggests increasing momentum after the previous consolidation phase. The pair now has the potential to continue upward and test the 0.7000 level. However, traders should monitor whether the momentum can be sustained as price approaches resistance.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160