USDX (USD Index)
U.S. Dollar Index is retracing toward the top of the green box area, currently moving near the 101.79 level. If the index launches upward from current levels, it will target the 103.00 – 103.74 resistance zone. A sustained hold above this horizontal base keeps the broader bullish bias intact.
EUR/USD
EUR/USD has mostly moved inside a tight range this week, remaining supported near the 1.1185 level. Overall directional momentum still points to the downside for the time being. If the bullish correction continues higher, the 1.1300 – 1.1360 region will serve as the target resistance area, while 1.1100 acts as the primary downside target.
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 reached the daily SMA 200 and is now showing clear bearish reactions off the moving average. Traders looking to enter short positions could place stop orders above 1.3450 or 1.3560 to manage risk. From a broader view, the pair continues to fluctuate within a macro range between the 1.3125 and 1.3650 areas established since February this year.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY is experiencing bearish continuation as price action fell away from the daily SMA 200 resistance. Barring any major structural shift, we can expect the pair to extend its bearish trend toward the green box support area. A break below immediate lower levels will further accelerate selling pressure.
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: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160, 0.7300, 00.7330