USDX (USD Index)
U.S. Dollar Index has seen its bearish pullback continue for now after briefly touching the key 101.79 resistance ceiling. If this downward corrective movement persists through the upcoming sessions, the 100.67 zone stands out as the crucial horizontal support level to watch for potential buyer defense. Aside from the pure technical setup, there is a highly anticipated cluster of job data releases this week, which will undoubtedly become the core focus of traders and provide the necessary fundamental catalyst for the next major leg.
EUR/USD
EUR/USD is currently trading upward on a corrective bounce, with buyers looking to target the 1.1500 round-number resistance level. Looking at the broader structural context, the pair has recently printed a new lower swing low and tested the 1.1360 support level. On the upside, traders could expect to see strong selling pressure and a potential rejection near 1.1500 to confirm a clean bearish continuation. However, if the bulls manage to secure a daily close above the previous major swing high around 1.1620, the medium-term trend might officially turn bullish.
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 is moving steadily upward and is currently trading near the pivotal 1.3250 technical level. Given the current short-term momentum, the pair might attempt to extend its bullish recovery move toward the overhead 1.3300 – 1.3330 resistance area. While this counter-trend bounce is active, structural bears still hold longer-term control; on the upside, a definitive daily close above the structural ceiling at 1.3450 will be required to serve as a comprehensive bullish confirmation.
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 has simply not shown any structural weakness on the daily chart, leaving no significant change to the latest technical situation. The pair remains firmly supported by its underlying bullish framework within a high-altitude consolidation zone. Barring any sharp macroeconomic shifts, the price action looks poised to maintain its trajectory and grind upward slowly to test the next sets of multi-year resistance extensions.
Today’s critical levels to watch:
Support: 161.18, 160.00, 158.89, 155.50
Resistance: 162.00
AUD/USD
AUD/USD is steadily compressing lower, getting remarkably near the daily SMA 200 dynamic floor. This long-term moving average represents a massive psychological and structural crossroads for the pair. At the current time, market participants are waiting for more definitive reactions near the averages to see if a firm structural bounce occurs. If the pair close below the averages with strong momentum, then traders will expect bearish continuation.
Today’s critical levels to watch:
Support: 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7000, 0.7160, 0.7300, 00.7330