USDX (USD Index)
The U.S. dollar index continues its downward movement and remains below the daily SMA 200, signaling sustained bearish pressure. Price action shows no strong bullish reaction so far, suggesting the market has likely decided on a downside direction. If the current structure holds, further weakness toward lower support levels remains possible. On the upside, reclaim above daily SMA 200 and 99.00 will become the bullish reversal confirmation.
EUR/USD
EUR/USD extended its bullish movement and is now approaching the 1.1820 resistance area. The pair continues to print higher highs, confirming the ongoing upward structure. If a bearish correction occurs, the 1.1710 level will act as the nearest support to watch before any continuation higher. Traders who has long positions will continue to hold for now.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD continues to move higher and is now heading toward the 1.3600 resistance level. The pair has maintained its bullish structure after breaking previous resistance zones. On the downside, 1.3450 stands as the key support level if a pullback develops. Traders will use the 1.3450 level as place to add long positions when bearish correction manage to reach the level.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY shows mild bearish pressure but remains largely unchanged, still trading within the range of the previous week’s bearish candlestick. The pair is currently consolidating, and traders will continue to monitor for a breakout to determine the next directional move. It is better to stay sideline for now or go flat with no positions until the pair show their hand.
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 continues its bullish momentum and has reached the area near 0.7160. The overall structure remains supportive of further upside. With no significant bearish signals yet, the pair is likely to test the resistance level, with a breakout opening the door for additional gains. Will the pair manage to climb and print new higher swing high? Alternatively, will it turn lower again to target the daily SMA 200?
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160