USDX (USD Index)
The U.S. Dollar Index continues to extend its bearish move, posting fresh bearish follow-through today and printing a new lower low. Bearish pressure remains dominant, and there is no sign of stabilization at this stage. We expect the index to continue lower and target the 97.43 level also the previous swing low at 96.19.
EUR/USD
EUR/USD continues to trade higher and remains firmly supported after the recent bounce. The pair is now approaching the 1.1820 resistance level, which stands as the next key level test. If the pair could not break out above the level, then we might see consolidation between 1.1710 – 1.1820 area with bullish bias.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820
GBP/USD
GBP/USD made a bullish close above the 1.3450 level, confirming a breakout from the prior 1.3450 – 1.3600 range. Momentum remains bullish, and the pair is expected to attempt further upside toward the 1.3600 target. If the pair make a bearish correction, then the 1.3450 level will act as a support level and traders could use it as a place to add long positions.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY remains under pressure and is currently testing the low of the post-BOJ bullish candle. While the broader structure remains bullish, near-term price action reflects increasing selling interest. Traders will closely monitor whether this support level can hold, as a sustained break below it would signal deeper corrective pressure toward the green box area. A close below the box area will signal trend change from bullish to bearish.
Today’s critical levels to watch:
Support: 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD has reached the 0.6700 target and continues to trade with strong bullish pressure. Price action shows no sign of exhaustion so far, and the pair is now extending higher toward the next upside target at 0.6750. If there is bearish correction toward the 0.6700 level or the 0.6688 broken swing high, then traders could use it as a chance to add long positions.
Today’s critical levels to watch:
Support: 0.6600, 0.6560, 0.6500
Resistance: 0.6700, 0.6750, 0.6820