USDX (USD Index)
U.S. dollar index attempted a bullish push earlier today, but momentum faded, sending the price back near its opening level around 99.58. Market sentiment remains indecisive as traders await key U.S. labor market data later this week. Technical structure keeps the index capped by a descending trendline and 100.00 resistance, while the daily SMA 200 near 99.10 provides crucial support.
EUR/USD
EUR/USD remains under persistent bearish pressure, consolidating tightly around the 1.1580 key support level. A clean breakdown below 1.1580 could accelerate losses toward 1.1500. Should buyers defend current support, any recovery will encounter dynamic resistance at the daily SMA 200. As the bear is still in control, traders will wait for another push downward and a possible fakeout before turning bullish.
Today’s critical levels to watch:
Support: 1.1580, 1.1500, 1.1360, 1.1300
Resistance: 1.1710, 1.1820, 1.2000, 1.2070
GBP/USD
GBP/USD continues its downward trajectory, extending losses toward the 1.3450 support level for an imminent test. If selling pressure pushes the price lower, the next critical downside target to watch is the daily SMA 200 near 1.3400. Conversely, holding above support could trigger a bounce back toward the 1.3600 handle.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY saw another sharp drop today, sparking unconfirmed speculation of small-scale BOJ intervention. However, the pair held firm above its daily SMA 200 and quickly rebounded back toward the 158.90–159.24 area. Sellers must force a clean break below the daily SMA 200 and print a new lower low to confirm bearish continuation.
Today’s critical levels to watch:
Support: 158.89, 155.50
Resistance: 160.00, 161.18, 162.00
AUD/USD
Today’s critical levels to watch:
Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7300, 00.7330