USDX (USD Index)
U.S. Dollar Index remains under bearish pressure near the daily SMA 200 around 98.97. Although a new lower swing low has not yet been established, the overall technical bias points toward further weakening toward support levels at 98.65 and 98.20. However, with the upcoming FOMC meeting, price action could easily transition into a sideways range with potential false breakouts on either side until the policy release provides a clear directional catalyst.
EUR/USD
EUR/USD continues to range between the key 1.1580 support floor and dynamic resistance at the daily SMA 200 near 1.1667. With no breakout or confirmation established yet, price action remains neutral in the short term. Traders should await a decisive daily close outside this boundary, where a move above the SMA 200 opens targets toward 1.1710, while a loss of 1.1580 risks a slide toward 1.1500.
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 is hanging near the midpoint of its established 1.3450–1.3600 trading range. Because the higher-timeframe market structure continues to print higher highs and higher lows, bulls retain the broader technical advantage. If the pair moves lower again, the confluence of the 1.3450 horizontal level and the daily SMA 200 near 1.3409 serves as the primary zone where the next higher low could form before a retest of 1.3600.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
USD/JPY continues to move smoothly lower, with the market structure having turned entirely bearish following its decisive breakdown. Traders who established short positions from above the daily SMA 200 will likely continue holding as downside momentum points toward the next technical targets at the green box area.
Today’s critical levels to watch:
Support: 154.00
Resistance: 155.50, 158.89
AUD/USD
AUD/USD has extended its bullish move, slowly printing higher highs above the 0.7160 horizontal support floor. The sustained buying pressure keeps the near-term technical outlook firmly bullish, with price advancing toward the main overhead target zone at 0.7300–0.7330. As long as the pair holds above 0.7160, the path of least resistance remains to the upside.
Today’s critical levels to watch:
Support: 0.7160, 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7300, 00.7330