USDX (USD Index)
The U.S. Dollar Index continued its upward movement with strong momentum, successfully breaking above the 100.00 psychological level. The breakout signals growing bullish pressure as the index now trades near several previous highs. This move suggests that buyers are gaining control after the earlier consolidation phase. If the index manages to extend the rally further, the broader market structure could shift back into a bullish trend, opening the door for a move toward higher resistance levels. For now, traders will watch whether the index can maintain its position above the 100.00 level, as holding above this area would reinforce the bullish outlook.
EUR/USD
EUR/USD printed a new lower low, confirming that the previous bullish structure has been invalidated. The breakdown signals a clear shift in market sentiment, with bearish pressure now dominating the pair. The strong decline suggests that sellers remain firmly in control, and the pair may continue extending its downward movement if no significant support emerges. The break below key support levels also reinforces the bearish outlook in the near term. Unless the pair manages to reclaim higher resistance levels, the overall bias for EUR/USD is likely to remain bearish.
Today’s critical levels to watch:
Support: 1.1360, 1.1300
Resistance: 1.1500, 1.1580, 1.1710, 1.1820,1.2000, 1.2070
GBP/USD
GBP/USD fell sharply below the 1.3250 support level, confirming strong bearish momentum. The breakdown suggests that sellers are firmly controlling the market, with little sign of immediate recovery. The continued weakness indicates that the pair could extend its decline further, with the next major downside target located near the 1.3000 psychological level. As long as the price remains below the broken support area, the bearish pressure is likely to persist. Traders will monitor whether any corrective rebound emerges, but the current momentum still favors further downside continuation.
Today’s critical levels to watch:
Support: 1.3250
Resistance: 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY continues extending its bullish movement, printing a new higher high and confirming the strength of the current uptrend. The breakout above the previous resistance area suggests that buyers remain firmly in control of the market. With the bullish structure intact, the pair could continue pushing higher toward the next resistance targets at 161.18 if the momentum remains strong.
Today’s critical levels to watch:
Support: 158.89, 155.50, 155.00, 153.00, 151.00
Resistance: 160.00, 161.18
AUD/USD
AUD/USD declined sharply and is now testing the 0.7000 psychological support level with strong bearish momentum. The selling pressure suggests that the market may attempt to break below this key level. If the pair closes below 0.7000 and prints a new lower low, it would confirm that the bearish move is continuing and could open the path toward deeper downside levels. For now, traders will closely monitor the price reaction around the 0.7000 support area, as this level may determine the next directional move for the pair.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160