USDX (USD Index)
The U.S. Dollar Index is trading lower today but remains inside the previous day’s range. There is no significant structural change as the index continues consolidating above the recent low. The short-term structure remains constructive while price holds above 96.30. However, the broader medium-term trend is still bearish. The index appears to be building a base, with potential to extend upward toward the daily SMA 200 if bullish momentum develops. For now, consolidation continues and traders will monitor reactions near resistance before considering new short positions in U.S dollar.
EUR/USD
EUR/USD is moving higher today but remains capped at the 1.1820 resistance area. Price action is still inside the previous day’s range, indicating hesitation rather than breakout. The pair remains in a corrective phase below 1.1820. A sustained move above this level could shift momentum back to the upside toward 1.2000. However, as long as price stays below 1.1820, the risk of another pullback toward 1.1710 remains. Traders will observe the pair behavior around 1.1820 for signs of rejection or breakout confirmation.
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 continues to test the 1.3450 support level. The repeated tests suggest increasing pressure on the support area. If bearish extension occurs and the pair closes below 1.3450, further downside toward the daily SMA 200 and 1.3330 support may follow. On the other hand, strong bullish reactions from this level could trigger a rebound. The next decisive daily close around 1.3450 will likely determine the short-term direction.
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 is moving sideways and retesting the previously broken trend line. The pair remains in consolidation mode without clear directional momentum. As long as price holds above the recent higher low, the broader bullish structure remains intact. A breakout above 158.90 or previous swing high would strengthen the bullish scenario toward 160.00. On the downside, failure to hold above 154.00 would weaken the structure and open room for deeper correction. Traders will monitor whether the trend line retest results in continuation or breakdown.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD shows limited movement today and remains inside yesterday’s range. The pair continues consolidating below 0.7160 resistance. The overall short-term bias remains constructive while price holds above 0.7000. A breakout above 0.7160 could trigger further upside toward 0.7300 – 0.7330. However, failure to maintain strength and a close below 0.7000 would shift the focus toward 0.6820 support.
For now, price action suggests consolidation before the next directional move.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160