USDX (USD Index)
U.S. Dollar Index is currently hanging tightly near the 100.67 level, with a potential bullish flag pattern steadily developing on the daily chart. A clean breakout above the upper descending trend line will confirm a continuation of the broader upward move. On the downside, if the price manages to push further lower within the channel, the psychological 100.00 handle represents the likely ultimate low of the flag structure before buyers attempt to regain control.
EUR/USD
EUR/USD came under notable selling pressure today, losing ground as the dollar firmed up. Despite the intraday drop, the pair remains technically within a broader bullish recovery period with its ultimate upside target set at the 1.1500 level. Traders are currently playing the patient game; if the pair reaches that structural overhead barrier and prints major bearish reactions, it could provide a solid confirmation for entering fresh short positions.
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
The 1.3450 horizontal level stands as the vital support line to watch right now. The pair is actively attacking this level today, while the bulls put up a strong fight to hold the line and defend the previous breakout zone. We could see localized consolidation take place near this current junction over the coming sessions. However, if the defense fails, further structural weakness is highly possible, exposing the dynamic daily SMA 200 as the next major support floor.
Today’s critical levels to watch:
Support: 1.3250, 1.3125, 1.3050, 1.3000
Resistance: 1.3300, 1.3330, 1.3450, 1.3600
USD/JPY
USD/JPY is hanging stubbornly near its recent highs, refusing to give up ground despite the heavily extended market structure. The immediate price action suggests the bulls are currently reloading to extend the broader upward momentum. If the buyers can cleanly break past the immediate overhead resistance, the pair is expected to target the 161.8% Fibonacci extension level as its next major structural objective.
Today’s critical levels to watch:
Support: 161.18, 160.00, 158.89, 155.50
Resistance: 162.00
AUD/USD
AUD/USD is locked in a pivotal technical battle today as it actively tests the heavy psychological 0.7000 key level. This specific boundary line is acting as a major decision point for the pair’s medium-term trend. Market participants are watching the close of the daily candle intensely, as a sustained move above or a rejection below this handle will dictate whether the bullish expansion continues or a deeper corrective phase begins.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160, 0.7300, 00.7330