USDX (USD Index)
The U.S. Dollar Index faced an initial rejection from the 98.97 level and failed to extend the upward momentum. The rejection signals hesitation near resistance as the index struggles to maintain bullish continuation. If the selling pressure persists, the index could turn lower to retest the daily SMA 200, which remains an important dynamic support for the current structure. A successful defense at the SMA could allow buyers to regain control. For now, the index appears to be entering a consolidation phase while traders observe the reaction around the current resistance and the daily SMA 200 support.
EUR/USD
EUR/USD bounced from the 1.1580 support after the downside violation occurred earlier. The recovery suggests buyers are attempting to defend the lower boundary of the recent range. However, the structure remains fragile. If the pair manages to reclaim the 1.1710 level before the end of the week, it could open the door for a stronger bounce and potential recovery. Without that recovery, the bearish pressure may remain intact.
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 bounced from the 1.3300–1.3330 support zone and is currently holding near the daily SMA 200. The reaction indicates that buyers are attempting to defend the area. Despite the bounce, the pair still requires stronger confirmation before a sustained recovery can develop. If price continues to hold above the SMA 200 and builds bullish momentum, further upside could follow. Otherwise, failure to maintain support may reopen downside pressure.
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 erased the previous day’s gains and moved lower, following the broader movement seen across other major currency pairs. The pair currently lacks clear direction as price action shifts into a consolidation phase. Traders will wait for further development before committing to new positions. A break above resistance could revive the bullish outlook, while further weakness may confirm deeper correction.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD managed to maintain support at the 0.7000 level and printed a strong bounce reaction during today’s session. The pair is currently trading inside yesterday’s range, which indicates the market is entering a period of expanding volatility. Such conditions often precede stronger directional moves. As long as the pair holds above 0.7000, the bullish scenario remains possible. A breakout above 0.7160 would strengthen the upward momentum.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160