USDX (USD Index)
U.S. Dollar Index is experiencing a slight bearish retracement following yesterday’s strong bullish push. Price action tested the critical 100.00 psychological level before successfully bouncing upward. If the index can sustain this immediate upward trajectory through the end of the week, it will likely attempt to establish a new bullish leg. A decisive weekly close above 100.00 would further solidify buyer dominance and open the door toward higher resistance targets.
EUR/USD
EUR/USD pair closed below the pivotal 1.1500 mark following recent downward momentum. While buyers made a recovery attempt today back toward 1.1500, price action is currently facing rejection at that level. Despite this intraday resistance, the broader structural scenario could still turn bullish as long as the pair does not print a new lower swing low below 1.1325. Traders should closely monitor price behavior around current support zones to see if institutional buying interest re-emerges.
Today’s critical levels to watch:
Support: 1.1360, 1.1300
Resistance: 1.1500, 1.1580, 1.1710, 1.1820, 1.2000, 1.2070
GBP/USD
GBP/USD has extended its bearish trend after a decisive close below the daily SMA 200, dropping down to nearly touch the 1.3330 level. The 1.3300 – 1.3330 area now serves as a major technical support zone to watch for a potential corrective bounce. A breakdown below this critical support cluster would open the door for extended selling pressure toward the 1.3272 swing low.
Today’s critical levels to watch:
Support: 1.3330, 1.3300, 1.3250
Resistance: 1.3450, 1.3600
USD/JPY
USD/JPY remains in a bullish corrective phase, with potential for further upward extension before sellers re-enter. For now, the most prudent approach is to exercise patience and wait until the pair completes this retracement before searching for high-probability short setups. Tracking bearish candlestick reversal patterns near key overhead resistance levels will be essential for timing an entry.
Today’s critical levels to watch:
Support: 155.50, 154.00, 150.00
Resistance: 158.89
AUD/USD
AUD/USD is attempting a short-term recovery today, though price action remains contained entirely within yesterday’s daily trading range. If sellers regain control and force a continuation lower, the 0.7000 handle—which coincides with the daily SMA 200—will serve as the primary downside target. However, holding above this key moving average would keep the broader long-term bullish bias intact despite current corrective weakness.
Today’s critical levels to watch:
Support: 0.7000, 0.6820, 0.6750, 0.6700, 0.6600
Resistance: 0.7160, 0.7300, 00.7330