USDX (USD Index)

U.S. Dollar Index continues its downward trajectory and is on a clear path to print a new swing low as the bearish trend persists. Momentum dictates that traders will continue to follow this trend lower. However, if the market initiates a bullish correction, the 98.97 level—which aligns perfectly with the daily SMA 20—stands as the primary resistance zone and the key invalidation point to watch for fresh short setups.

EUR/USD

EUR/USD is once again testing the critical 1.1710 resistance level. The current price action suggests a breakout could be imminent, setting the pair up to continue higher toward the 1.1820 target zone. Alternatively, if price is rejected at this barrier and turns lower, traders should monitor the daily SMA 200 as the major support level to anchor any shift in bias.

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 continues to push higher above the 1.3600 handle and now sits near the swing high established in April. A strong, definitive breakout above this level will confirm the bullish continuation scenario. Traders should wait for a clear daily close above this resistance to validate the next leg up before committing to new long positions.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

Following a recent bounce, USD/JPY is making another concerted bearish attempt today to pressure the daily SMA 200. The primary technical focus is whether the pair can secure a decisive breakout and close below this critical moving average. A confirmed close below the SMA 200 would validate a continuation of the downward trend and offer a clear entry signal.

Today’s critical levels to watch:

Support: 155.50

Resistance: 158.89, 160.00, 161.18, 162.00

AUD/USD

Today’s critical levels to watch:

Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7160, 0.7300, 00.7330