USDX (USD Index)
The dollar index is attempting to move higher again after limited below the 98.97 support area. The recent rebound suggests the bull are regaining short-term control as the index pushes toward the upper resistance zone. If the index manages to break above 100.00, the bullish momentum could extend toward the 100.60 resistance area. However, if the price fails to maintain the upward momentum, the index may return to consolidate above 98.97 before another attempt higher.
EUR/USD
EUR/USD is facing renewed bearish pressure after failing to maintain strength above previous resistance levels. The pair is currently testing the 1.1580 support area, which is an important short-term level. If the pair breaks below 1.1580, selling pressure could accelerate toward the 1.1500 support zone. On the upside, a recovery above 1.1580 may allow the pair to stabilize temporarily, but the overall bias remains cautious unless the price moves back above 1.1700.
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 previously closed near the SMA 200, but the pair has turned lower again and is now testing the 1.3300–1.3330 support zone. This area is becoming a critical short-term level for the pair. A successful defense of this support could allow the pair to stabilize and potentially attempt a recovery. However, if the 1.3300 level breaks, the downside pressure could extend toward 1.3250 or lower.
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 initially moved lower but reversed strongly and is now trading close to the session highs. The bullish rebound suggests buyers are attempting to regain momentum after the recent pullback. If the pair manages to break above the nearby resistance, the upward move could extend further. However, failure to break higher could lead to short-term consolidation within the current range.
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD dropped below the 0.7000 psychological level with strong bearish momentum. However, the direction of the pair may depend heavily on the daily closing price. If the pair manages to recover and close back above 0.7000, the decline could pause and lead to consolidation. If the pair remains below 0.7000, the bearish pressure may continue with the next downside targets appearing near 0.6900 & 0.6820.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160