USDX (USD Index)
The U.S. Dollar Index initially moved higher but later reversed, falling back below the 99.00 level as crude oil prices pulled back from recent highs. Despite the decline, the index has not printed a new lower low, suggesting that bearish momentum remains limited for now. Instead, the current price action points toward a possible consolidation phase as the market waits for the next catalyst.
If the index manages to reclaim the 99.00 level, another attempt toward the 100.00 resistance area could occur. However, failure to regain that level could keep the index trading sideways in the near term. For now, the market appears to be pausing after the recent recovery, with traders watching for confirmation of the next directional move.
EUR/USD
EUR/USD declined toward the 1.1500 support level before staging a strong rebound, indicating that buyers are still willing to defend the area. The recovery suggests that the pair may attempt a short-term correction, but the broader structure remains bearish for now. For the pair to shift back into a bullish outlook, price needs to climb above the daily SMA 200 and the 1.1710 resistance level. Until that happens, the pair may continue trading inside a corrective rebound within the broader bearish trend.
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 continues to hold above the 1.3300 – 1.3330 support zone, which is reinforced by the daily SMA 200. The defense of this area allowed the pair to move higher during the session, suggesting that buyers are attempting to stabilize the market after the recent decline. However, the pair still faces resistance near 1.3450, which remains the key barrier for further upside movement. If GBP/USD manages to break above that level, the recovery could extend further. Until then, the pair may remain in a recovery phase while trading below resistance.
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 is currently showing signs of temporary exhaustion near the swing high around 159.00, where the market may close the session with a pin bar formation. This type of price action often reflects short-term profit taking, especially after a strong upward move. Despite the possible rejection near the highs, the latest structure still shows a higher swing high, suggesting that the broader bullish trend remains intact
Today’s critical levels to watch:
Support: 155.50, 155.00, 153.00, 151.00
Resistance: 158.89, 160.00
AUD/USD
AUD/USD opened below the 0.7000 psychological level but quickly reclaimed it, supported by strong buying momentum. The recovery suggests that the 0.7000 level remains an important support area, with buyers actively defending the zone. As long as the pair continues to hold above this level, the market may continue trading near the support while attempting to stabilize. A sustained move higher could open the path toward the 0.7160 resistance level, which remains the next major upside target
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160