USDX (USD Index)
The U.S. dollar index traded sideways today, showing mild stabilization after several days of heavy downward pressure. Despite the pause, the structure remains bearish as long as price stays continue to print new lower swing low and lower swing high. Any bounce is still considered corrective unless the bull push price back above 100.20.
EUR/USD
EUR/USD continues to hang near the latest high, supported by overall USD weakness. The pair remains comfortably above the 1.1580 breakout level and expected to continue upward to test the 1.1710 level. On the lower side, the 1.1580 is the support level to watch when the pair makes another bearish correction.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820
GBP/USD
GBP/USD remains firmly bullish after the recent breakout but is now pausing near the 1.3330 resistance. Momentum remains strong, and the next objective is a retest of 1.3450 if buyers regain control. On the downside, 1.3250 is the first support and the key level where buyers may reload positions.
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 is testing the green box support area and show bounce reactions. The pair has not shown strong buying interest yet, reflecting broader dollar weakness. However, we might have a bullish pin bar pattern formed in today closing. Traders who enter long positions near the box area will continue to monitor the pair development for now. On the lower side, 152.84 is the place where traders will place stop order.
Today’s critical levels to watch:
Support: 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD extended its bullish run as U.S. dollar weakness persists. Price is now approaching the 0.6640 resistance and remains supported by strong upward momentum. If the pair turn lower, then 0.6600 is the place where a new higher swing low might form. The next upside targets remain 0.6700 and 0.6750. A pullback toward 0.6560 – 0.6600 would offer a healthy continuation setup.
Today’s critical levels to watch:
Support: 0.6600, 0.6560, 0.6500
Resistance: 0.6700