USDX (USD Index)
U.S. dollar index slightly bearish today and pressing below yesterday’s low. The overall direction remains bearish. There is still room for a corrective move upward to test the daily SMA 200. However, as long as the index stays below recent resistance, the bearish structure remains intact. If the index fails to hold above current level and continues lower, then further downside continuation is expected.
EUR/USD
EUR/USD continues to move bullishly and is approaching the 1.1820 resistance level. Momentum has improved and buyers are attempting to regain control after previous consolidation. However, structurally the pair still holds a lower low and lower high formation on the broader view. The overall trend will only shift decisively if price manages to break above 1.1820 and print a new higher swing high. Failure to break 1.1820 could lead to another corrective move toward 1.1710. If 1.1710 breaks, then deeper correction toward daily SMA 200 & 1.1580 becomes likely.
Failure at 1.1820 could trigger another bearish leg.
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 bounced strongly from 1.3450 and is gaining upward pressure. Buyers stepped in at support, preventing further breakdown and pushing the pair back toward 1.3600. Despite the bounce, the short-term structure remains slightly bearish, with the daily SMA 200 acting as a potential downside magnet if price turns lower again. A clear breakout above 1.3600 and formation of a new higher swing high would cancel the bearish scenario and confirm the start of a new bullish leg. If price fails near 1.3600 and breaks back below 1.3450, downside pressure could resume.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600, 1.3835, 1.40000
USD/JPY
USD/JPY has broken above the descending trend line, signaling bullish intent. Momentum is building after the breakout, suggesting buyers are attempting to regain control. However, confirmation is still required. The pair must remain above the broken trend line and hold above recent breakout levels. Sustained price action above 156.50 would strengthen the bullish outlook. If the breakout fails and price falls back below the trend line, the move could turn into a false breakout and bring back downside risk.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD remains firmly bullish and is approaching the 0.7160 resistance level again. The structure continues to print higher highs and higher lows, supporting upside continuation. A breakout above 0.7160 would confirm bullish continuation toward the 0.7300–0.7330 area. Only a close below 0.7000 and formation of a lower swing low would invalidate the bullish outlook.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160