USDX (USD Index)
U.S. Dollar Index remains well-supported by the 101.79 level as price action stabilizes near key technical support. If the index manages to bounce upward from its current level, we will likely see a renewed attempt toward the 103.00 and 103.74 major upside targets. Maintaining a firm posture above this horizontal base keeps the broader bullish market outlook active.
EUR/USD
EUR/USD has come back under bearish pressure, though price action remains supported near the 1.1185 level. If the pair continues higher in a technical correction, the 1.1300 – 1.1360 zone stands as the primary resistance area to watch. Traders should monitor price behavior near these boundaries for confirmation of the next directional swing.
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 gains remain limited at the 1.3300 – 1.3330 resistance area, where price action might stall near current levels. Market participants will watch closely for technical reactions around this resistance barrier to gauge underlying momentum. If an upward continuation develops, a retest of the daily SMA 200 will serve as the primary target for buyers.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600
USD/JPY
A strong bullish move has pushed USD/JPY back to test the daily SMA 200 once again. The pair might attempt to break above this key resistance level, print a new higher high, and target the previous swing high near 160.40. While we maintain a cautious bearish outlook for now, we will monitor price reactions at the current moving average level very closely.
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