USDX (USD Index)
The U.S. Dollar Index continues climbing and has printed a new higher high, signaling that bullish momentum remains intact. The latest move higher suggests that the bulls are gaining control as the index approaches the psychological 100.00 resistance level. If the bullish momentum continues, the index could attempt another push toward the 100.00 level, which is also a key resistance area. A breakout above this level may open the path for a stronger upward extension. For now, the overall structure favors further upside while the market maintains its higher high formation.
EUR/USD
EUR/USD remains under strong bearish pressure and is currently trading near the 1.1500 support level. The recent decline indicates that sellers are still dominating the market, pushing the pair closer to a critical support zone. If the pair manages to break below the 1.1500 level, the bearish movement could extend further toward the next support levels. However, if buyers manage to defend this area, the pair may attempt a short-term corrective rebound. For now, traders will closely monitor whether the market can hold above the support or confirm a downside breakout.
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 trading lower and is approaching the 1.3300 – 1.3330 support zone, which has acted as an important support area in recent sessions. The pair has also fallen below the daily SMA 200, indicating that bearish pressure has strengthened. If the pair closes below 1.3250, it could confirm a bearish continuation and open the path for a deeper decline. On the other hand, holding above the current support zone may allow the market to stabilize temporarily.
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 has printed a new higher high, suggesting that the previous bearish scenario may have been invalidated. The strong bullish move indicates that the pair may continue advancing toward the next resistance levels. With the latest breakout, the pair now appears to be targeting the 161.18 (161.18 Fibonacci Extension level). However, if the pair make strong bearish reactions near the current level and erased all the three days gain, then there is chance of bearish reversal.
Today’s critical levels to watch:
Support: 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 160.00
AUD/USD
AUD/USD faced a rejection near the 0.7160 resistance level and pulled back with strong momentum. Despite the rejection, the pair continues trading within the 0.7000 – 0.7160 range, suggesting that the market is still consolidating. As long as the pair holds above the 0.7000 support level, the overall bias remains slightly bullish, with the potential for another attempt to test the 0.7160 resistance.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160