Forex Technical Major Pairs Analysis | November 05, 2026

USDX (USD Index)

U.S. Dollar Index pushed lower initially, but no new lower low was printed as price action remained within yesterday’s trading range. The index is currently hovering above its session opening level near 101.79. Broader stock market weakness could spark renewed safe-haven demand, potentially triggering another upside push in the index.

EUR/USD

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EUR/USD is moving inside yesterday’s trading range as price action consolidates near key horizontal levels. If buyers initiate an upward push, the 1.1300 – 1.1330 area will act as the primary target resistance zone. Meanwhile, 1.1120 and 1.1185 will continue to function as solid support levels on any downward pullbacks.

Today’s critical levels to watch:

Support: 1.1185, 1.1120

Resistance: 1.1300, 1.1360, 1.1500, 1.1580, 1.1710, 1.1820

GBP/USD

GBP/USD made a bullish attempt early in the session but has since reversed sharply from its intraday highs. The pair is now trading below its opening level, sitting near the 1.3450 threshold. Given the immediate loss of upward momentum, we might see price action consolidate near current levels before establishing its next major trend.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY weakened after testing resistance at the daily SMA 200, though no new lower swing low has printed yet. This confirms that the ongoing consolidation around the daily SMA 200 remains active. Traders should watch for a clear breakout above the moving average or a break below immediate support to signal directional continuation.

Today’s critical levels to watch:

Support: 155.50, 154.00, 150.00

Resistance: 158.89

AUD/USD

AUD/USD dropped sharply back below the 0.7000 level, forming a bearish engulfing pattern that covers the body of the previous two daily candlesticks. The pair’s aggressive downward movement suggests it is now on path toward testing the ascending support trendline. Reclaiming 0.7000 will be necessary for buyers to negate this immediate selling pressure.

Today’s critical levels to watch:

Support: 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7000, 0.7160, 0.7300, 00.7330

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