USDX (USD Index)
U.S. Dollar Index extended its weakness in today’s trading session, pushing down to print a new lower low. However, price action has not yet broken below the previous major swing low, keeping the immediate structural level intact for now. The overall directional momentum remains pointed to the downside, but traders will likely wait for further confirmation or a decisive breakdown before committing to aggressive new short positions.
EUR/USD
EUR/USD remains trapped in a narrow range between horizontal support at 1.1580 and dynamic resistance at the daily SMA 200. Price consolidation is ongoing as neither buyers nor sellers have generated sufficient momentum to force a breakout. Traders should monitor price reactions at both boundaries, as a daily close above the SMA 200 or below 1.1580 will determine the pair’s next major directional wave.
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 recorded modest gains today, but overall market conditions show no significant change from yesterday’s setup. The pair continues to trade within the established 1.3450 – 1.3600 consolidation area. Until price moves decisively outside of these key horizontal boundaries, expectations favor continued range-bound movement.
Today’s critical levels to watch:
Support: 1.3450, 1.3330, 1.3300, 1.3250
Resistance: 1.3600
USD/JPY
Following a redrawn Fibonacci structure, USD/JPY extended its bearish push and successfully hit the 127.2% Fibonacci extension level. A minor intraday bounce materialized afterward, bringing the pair back near its opening levels. Despite this temporary pause, the broader technical outlook suggests the pair could extend its downside trajectory toward the 161.8% Fibonacci extension target, which coincides with the major 150.00 psychological support handle.
Today’s critical levels to watch:
Support: 154.00, 150.00
Resistance: 155.50, 158.89
AUD/USD
AUD/USD continues to grind slowly upward, maintaining a steady bullish posture. While the upside momentum remains gradual, buyers are keeping price on a clear upward trajectory. The 0.7300 – 0.7330 resistance zone stands as the primary upside target to watch in the near term. As long as horizontal support holds on any pullbacks, the path of least resistance remains tilted 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