USDX (USD Index)

The U.S. dollar index faced a clear rejection from the 100.00 level earlier, yet it quickly regained its composure and is currently hovering right back near that mark. Because the index has shown such resilience, we are now looking for potential signs of a breakout. Should a bullish breakout occur, it would signal the start of a fresh bullish trend; therefore, we are watching this 100.00 level very closely for confirmation.

EUR/USD

EUR/USD attempted a move to the upside, but the pair experienced a rejection at the 1.1580 resistance level. Consequently, momentum is shifting, and the pair might reverse to resume its downward trajectory. If this bearish sentiment holds, we expect the pair to move lower and retest the 1.1500 support level once again.

Today’s critical levels to watch:

Support: 1.1500, 1.1360, 1.1300

Resistance: 1.1580, 1.1710, 1.1820,1.2000, 1.2070

GBP/USD

GBP/USD staged a notable bounce from the 1.3300 – 1.3330 support area and successfully tested the daily SMA 200. The pair is currently trading above yesterday’s high, which provides a glimmer of stability. Moving forward, a return above the daily SMA 200 and a close above 1.3450 would serve as a bullish signal. Meanwhile, we remain alert to the downside, as a breakout below the 1.3300 – 1.3330 area would serve as bearish confirmation.

Today’s critical levels to watch:

Support: 1.3330, 1.3300, 1.3250

Resistance: 1.3450, 1.3600

USD/JPY

USD/JPY continues to show upward pressure and is currently trading near yesterday’s high, having fully returned to pre-intervention levels. Because the pair is back in this sensitive zone, traders are watching market reactions very closely. While it is possible the pair continues moving upward to print a new swing high, we must remain extremely cautious. Given the recent history, another intervention by the Bank of Japan (BOJ) could trigger a major, sudden drop, so managing risk at these levels is essential.

Today’s critical levels to watch:

Support: 160.00, 158.89, 155.50, 155.00, 153.00, 151.00

Resistance: 161.18

AUD/USD

The pair has almost reached the 0.7000 level and is currently facing persistent bearish pressure. As the price nears this key psychological barrier, traders are continuing to wait for further reactions from the 0.7000 level. We are monitoring this zone carefully to see if it acts as a floor or if the bearish trend will extend further.

Today’s critical levels to watch:

Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7160, 0.7300, 00.7330