USDX (USD Index)
The U.S. Dollar Index remains under pressure after the rejection near the 100.00 level. Price is currently testing the low of the past two sessions, suggesting weakening momentum in the short term. The recent price action may develop into a potential inside-bar breakout scenario, although confirmation has not yet appeared. Traders may remain cautious and wait for further signals, particularly ahead of the upcoming FOMC meeting, which could become the key catalyst for the next directional move.
EUR/USD
EUR/USD continues to move higher and has broken above the high of the previous two daily candles, indicating improving bullish momentum. The pair is maintaining its position above the 1.1500 support level, keeping the near-term outlook constructive. If buying pressure continues, the pair may attempt to retest the 1.1580 resistance area in the short term.
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 is attempting to move higher and is currently testing the daily 200-period SMA, a level that often acts as a key technical barrier. However, the pair remains below the descending trend line, which continues to cap the upside. A successful breakout above the trend line could signal the start of a new bullish leg, while failure to do so may keep the pair within the current consolidation.
Today’s critical levels to watch:
Support: 1.3250
Resistance: 1.3300, 1.3330, 1.3450
USD/JPY
USD/JPY continues to hold near its recent highs, suggesting that bullish pressure remains intact. Despite the strength, the pair has yet to produce a clear continuation signal. Traders may wait for further confirmation before expecting the next directional move. If the pair start moving lower from the current level, then the previously broken swing high at 157.67 will become the support leve to watch.
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 continues to trade within the 0.7000–0.7160 range, with price currently moving upward toward the upper boundary. As long as the pair remains inside this range, range-trading behavior is likely to dominate. A break above 0.7160 could trigger further bullish momentum, while rejection from that level may keep the pair contained within the established range.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160