USDX (USD Index)
U.S. Dollar Index dropped sharply to retest the critical 100.67 support floor before staging an immediate intraday bounce. Following this sharp recovery, the price action is currently trading back near its daily opening level, indicating that buyers are actively defending this key structural zone. This successful rejection suggests the horizontal level is being well-respected by the market, which could lead to an extended period of localized consolidation for now. Moving forward, the index will likely oscillate within this current environment until a definitive breakout catalyst emerges.
EUR/USD
EUR/USD made an early bullish attempt during the session but faced strong overhead resistance, subsequently pushing the pair back down below its opening baseline. Despite this intraday rejection, the near-term perspective remains framed as a bullish corrective phase with the 1.1500 handle still acting as the primary upside potential. However, if the sellers regain full control and resume the dominant downward movement, the market is poised to test the 1.1300 – 1.1360 area very soon. Traders should keep a close eye on structural price action around these lower limits for signs of a deeper breakdown.
Today’s critical levels to watch:
Support: 1.1360, 1.1300
Resistance: 1.1500, 1.1580, 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD initially traded upward to touch the key 1.3450 horizontal resistance level, where it immediately encountered a swift bearish reaction. The pair is now showing signs that it might close the day as a bearish pin bar, highlighting a strong supply presence at the local highs. Under the current circumstances, market participants will continue to monitor the pair’s candle reactions carefully before committing to new trend positions. Crucially, a daily close sustained below the dynamic daily SMA 200 line would provide the bears with strong technical confirmation for a structural bearish continuation.
Today’s critical levels to watch:
Support:1.3125, 1.3050, 1.3000
Resistance: 1.3250, 1.3300, 1.3330, 1.3450, 1.3600
USD/JPY
USD/JPY dropped aggressively with powerful bearish momentum today, practically erasing the vast majority of this week’s hard-earned gains. Despite the size of this downward extension, the price action remains strictly trapped inside the trading range of the previous bearish candlestick, meaning there is no definitive conclusion just yet. The market is effectively caught in a localized tug-of-war, leaving the near-term directional bias neutral until a clear range breakout occurs. Trend-following traders will likely wait for either a formal structural breakdown or a clear bullish reversal signal before re-engaging.
Today’s critical levels to watch:
Support: 161.18, 160.00, 158.89, 155.50
Resistance: 162.00
AUD/USD
AUD/USD is actively attempting to extend its recent bullish recovery momentum on the daily chart, with buyers keeping their eyes locked on the 0.7000 psychological target. The price continues to edge higher, building steadily on its structural foundation following the recent dynamic support bounce. While the upward expansion remains fully intact for the time being, the pace of the rally suggests that buyers are testing overhead supply levels carefully. Traders will monitor the pair reactions between the daily SMA 200 and the 0.7000 level for now.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160, 0.7300, 00.7330