USDX (USD Index)

After a strong bullish close, the U.S. Dollar Index is negating its recent gains and trading below the previous day’s low. Volatility is expected to remain elevated for the time being as market conditions adjust. Should the downward move continue, 100.67 and 100.00 will remain the primary support levels to watch, while any renewed upward push will target 103.00 – 103.74.

EUR/USD

EUR/USD is trading higher, erasing all of Friday’s drop as buyers regain momentum. The pair is back at square one, and traders will wait for further technical confirmation before taking strong directional bets. On the upside, the 1.1300 – 1.1330 region stands as the immediate target resistance area, while 1.1120 will act as key support on the lower side.

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 closed below the daily SMA 200 last Friday, but price action has already climbed back above the moving average to trade near 1.3450. If the pair breaks out higher and prints a new higher swing high, the bulls could sustain and extend the upward push. Maintaining price acceptance above 1.3450 will be critical for buyers targeting 1.3600 next.

Today’s critical levels to watch:

Support: 1.3450, 1.3330, 1.3300, 1.3250

Resistance: 1.3600

USD/JPY

USD/JPY faced another bearish rejection from the daily SMA 200 resistance. Overall, the sideways consolidation near the moving averages appears to be continuing. Market participants will wait for clearer technical signals and a definitive breakout before committing to new trend positions.

Today’s critical levels to watch:

Support: 155.50, 154.00, 150.00

Resistance: 158.89

AUD/USD

Today’s critical levels to watch:

Support: 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7000, 0.7160, 0.7300, 00.7330