USDX (USD Index)
U.S. Dollar Index initially pushed lower but recovered strongly back toward its opening level above 101.79. Although no new lower swing low has printed, the index established a lower swing high, maintaining a overall neutral technical stance. Looking ahead, the index might continue moving upward to target the 103.00 – 103.74 resistance zone.
EUR/USD
EUR/USD tested the 1.1185 resistance level during intra-session trading before pulling back below it. Price action currently looks contained within a tight range between the 1.1120 support floor and 1.1185 resistance barrier. Traders should monitor a breakout from this consolidation corridor to determine the next directional move.
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 staged a bullish attempt that printed a new higher high above the daily SMA 200. However, the pair gradually moved lower toward its broken moving average support. If price action settles below the daily SMA 200 by the daily close, the move will turn into a failed breakout, exposing lower technical levels.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY pushed lower early in the session but slowly recovered, climbing back near its opening level. Despite the intraday bounce, general market expectations continue to favor the downside. A failure to build momentum above immediate resistance keeps the broader bearish trajectory intact.
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