Forex Technical Major Pairs Analysis | August 28, 2026

USDX (USD Index)

U.S. dollar index continues to stick near the daily SMA 200, holding at a critical technical decision point. A rejection off this moving average would confirm a resumption of the broader bearish move, directing pressure back toward lower support levels. Conversely, a sustained breakout above the SMA 200 is required to invalidate the immediate bearish bias. Monitoring price action around this boundary will determine the next directional push.

EUR/USD

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EUR/USD experienced slight bearish pressure pushing toward its daily SMA 200, with price action currently moving inside yesterday’s range as buyers attempt to defend this key dynamic level without a clear recovery taking hold yet. The pair remains in a state of consolidation near the moving average. A sustained push higher would target near-term overhead resistance, whereas a decisive breakdown below the SMA 200 brings horizontal support at 1.1580 into focus.

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 remains locked in flat, sideways consolidation near the 1.3600 handle following its breakdown two days ago. With price action failing to reclaim the level, the market is currently consolidating near 1.3600 while building directional momentum. Holding below this pivot keeps immediate downside risk active toward horizontal support near 1.3450 and the rising daily moving average below, while 1.3600 now serves as near-term overhead resistance.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY continues its slow upward drift with no immediate signs of a bearish continuation taking hold. Price action remains slightly positive on the day. Given the lack of structural changes to the current environment, this gradual upward movement may persist in the near term, while the daily SMA 200 around 157.60 provides the primary downside support zone.

Today’s critical levels to watch:

Support: 158.89, 155.50

Resistance: 160.00, 161.18, 162.00

AUD/USD

AUD/USD maintains its bullish continuation above the key 0.7160 pivot level after successfully printing a new higher high near 0.7200. The successful breakout and hold above 0.7160 confirm ongoing buyer control in the pair’s immediate market structure. If bulls maintain this momentum, price action is projected to target the major upper resistance zone between 0.7300 and 0.7330, while any localized pullback should find immediate support at the broken 0.7160 horizontal line.

Today’s critical levels to watch:

Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7300, 00.7330

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