USDX (USD Index)
The U.S. dollar index is showing signs of short-term strength, but the broader structure remains bearish. Price was rejected near the daily SMA 200, reinforcing that the recent rebound is likely corrective rather than a trend reversal. As long as the index continues to trade below this dynamic resistance, upside attempts are expected to face selling pressure. In the near term, the index may attempt a retest higher where traders could use it as a chance to enter short positions in U.S. dollar.
EUR/USD
EUR/USD has failed to hold above the 1.1710 level and is now under renewed bearish pressure. The pair has printed a new lower swing low, confirming that sellers have regained control in the short term. If downside momentum persists, price could extend lower toward the 1.1580 support area. Any rebound from current levels is likely to be viewed as corrective unless price can reclaim the close above 1.1710.
Today’s critical levels to watch:
Support: 1.1710, 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1820
GBP/USD
GBP/USD attempted a bullish extension but has since reversed and is now trading below the opening level. The rejection suggests a lack of follow-through from buyers, shifting the pair into a consolidation phase. Near-term price action is expected to remain range-bound, with consolidation likely between the 1.3450 support and 1.3600 resistance levels as traders wait for clearer directional confirmation.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY continues to show no clear directional bias, with price trading inside the range of the bullish candlestick formed in mid-December. This behavior suggests consolidation rather than trend continuation or reversal. Until price breaks decisively above or below this range, directional conviction is likely to remain limited, and range-based trading conditions may persist.
Today’s critical levels to watch:
Support: 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD is extending its bullish movement, maintaining a strong upward structure. Buyers remain in control, and momentum continues to favor further upside extension. With price pressing higher, the 0.6750 level stands out as the next upside target. As long as pullbacks remain shallow and corrective, the bullish bias is expected to stay intact.
Today’s critical levels to watch:
Support: 0.6700, 0.6600, 0.6560, 0.6500
Resistance: 0.6750, 0.6820