USDX (USD Index)
The U.S. Dollar Index spiked higher and printed a new higher high on the daily timeframe, reinforcing short-term bullish momentum. Although price has not yet reached the 100.00 psychological level, the structure suggests there is potential for further upside. The breakout above recent swing highs confirms strengthening dollar demand. As long as price holds above the daily SMA 200, the bullish scenario remains intact.
A sustained move toward 100.00 could open the door for an extension toward the 100.50–100.70 resistance area. However, failure to hold above the recent breakout zone may trigger short-term consolidation.
EUR/USD
EUR/USD closed below the 1.1710 support level and extended its bearish movement below the daily SMA 200. Price also swept below 1.1580, confirming increasing downside pressure. The structure has turned clearly bearish. As long as there is no immediate strong recovery back above 1.1710 and the daily SMA 200, the pair remains vulnerable to further downside continuation. Failure to reclaim broken support would reinforce bearish control and open room toward deeper support levels.
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 swept below the daily SMA 200 and the 1.3300–1.3330 support zone, reaching the 1.3250 level. The pair showed bounce reactions from 1.3250 and is currently trading near the daily SMA 200. However, there is no strong bullish confirmation yet. For stabilization to occur, price needs to hold near the daily SMA 200 and build support above it. If the pair fails to sustain above this level, bearish continuation remains likely with 1.3250 and lower supports coming back into focus.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600, 1.3835, 1.40000
USD/JPY
USD/JPY continues moving higher, maintaining its bullish structure on the daily timeframe. Price remains supported by higher lows and upward momentum. A continuation toward the 158.90–159.20 resistance area is possible. As the bull has upper hand since trend line breakout, it is better to refrain from entering short positions for now. When the structure shift to bearish with lower high and lower low, it will be the time to consider short positions again.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD swept below the 0.7000 psychological level but managed to recover and move back inside the previous day’s range. The recovery suggests that downside momentum lacks follow-through for now. Price may remain volatile as it consolidates near the 0.7000 level. A sustained move above 0.7160 would restore bullish momentum, while a break back below 0.7000 would likely trigger renewed bearish pressure. For now, the pair remains in a volatile consolidation phase.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160