USDX (USD Index)
The U.S. Dollar Index extended its bearish movement and is now showing stronger downside momentum. The decline break below 99.00 which could be the break of latest bullish structure. Currently, price is testing the daily SMA 200, which acts as a key dynamic support level. The reaction around this area will be important in determining whether the index can stabilize or continue its downward move. The 99.00 level remains the key level to watch, we might see the index consolidate between the level and daily SMA 200.
EUR/USD
EUR/USD continued its strong bullish movement, successfully trading above the daily SMA 200 and reaching the 1.1710 resistance level. This indicates that buyers have seized control and momentum is clearly on the upside. The pair has shifted into a more bullish structure, but it has not yet printed a new higher high beyond the current resistance. A clear breakout above 1.1710 would confirm continuation and open the path for further gains. As long as price holds above the SMA 200, the bullish outlook remains valid. However, failure to break higher may result in consolidation near current levels.
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 is currently trading near the 1.3450 resistance level, which acts as a key decision area for the pair. The recent upward movement shows improving bullish pressure, but confirmation is still needed. A breakout above 1.3450 followed by a new higher swing high would confirm bullish continuation. Without that confirmation, the pair may remain in a consolidation phase. On the downside, the daily SMA 200 continues to act as a support level, helping to limit bearish pressure for now.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3450
USD/JPY
USD/JPY experienced bearish pressure in the previous session and managed to print a lower low, suggesting that downside momentum is starting to build. However, the pair is still moving within a consolidation range, and further confirmation is required to establish a clear bearish continuation. The next move will depend on whether sellers can maintain control. If bearish pressure continues, the pair may extend lower. Otherwise, consolidation may persist as the market waits for stronger catalysts.
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 has returned above the 0.7000 level, supported by strong bullish momentum. The breakout above this psychological level suggests that buyers are in control and may continue pushing higher. The current structure indicates potential continuation toward the 0.7160 resistance level if momentum is sustained. The bullish pressure is clearly visible, but traders should still watch for possible pullbacks. As long as price remains above 0.7000, the bullish outlook remains intact.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160