USDX (USD Index)
The U.S. dollar index found reliable demand at the 99.00 psychological floor once again, preventing a deeper breakdown below key structural territory. The index continues to trade in a tight consolidation phase near this level, with market participants awaiting a definitive breakout to confirm the next macro expansion. On the lower side, aside from 99.00, the index needs to close below daily SMA 200 to confirm breakdown.
EUR/USD
EUR/USD experienced a mild bearish rotation after its upside potential was strictly limited by the daily SMA 200 during the previous session. Despite turning lower today, the downward momentum lacked aggressive conviction, remaining effectively capped near the Friday low. Given the absence of a strong directional push from either side, the pair appears favored to continue trading sideways for now, trapped just below the 1.1710 and daily SMA 200.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD weathered an early bearish attempt before successfully engineering a clean intraday bounce off its daily SMA 200. The currency pair found solid structural support at the 1.3450 horizontal level, with price action signaling a likely close right along this pivotal threshold. Defending this dynamic moving average remains crucial for bulls to preserve the currency’s broader constructive posture.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY maintained its progressive bullish structure, grinding upward to print a fresh higher high during today’s session near 159.693. While the technical setup points to a continuation of this slow climb, market participants are treading with extreme caution. The advance remains visibly weighed down by a heavy layer of hesitation, as traders remain hyper-vigilant that the Bank of Japan (BOJ) could step into the market to intervene at any given moment.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00, 161.18
AUD/USD
AUD/USD exhibited a highly muted performance, sticking stubbornly near the 0.7160 horizontal anchor despite facing moderate bearish pressure throughout the day. The intraday fluctuations did little to alter the broader technical landscape, leaving the pair locked in a tight, horizontal chop. With nothing much changed from a macro perspective.
Today’s critical levels to watch:
Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7300, 00.7330