USDX (USD Index)

Recently, the U.S. Dollar Index continued its upward trajectory toward the 100.67 level. However, price action showed a minor rejection from this peak. Despite this rejection, the index is successfully holding its recent gains. Moving forward, the market may enter a temporary consolidation phase. Consequently, price will likely range between the 100.00 psychological support and the 100.67 resistance level.

EUR/USD

EUR/USD remains under significant bearish pressure, having recently printed a new lower low. The current momentum indicates that the pair might continue its downward movement, with sellers targeting the 1.1360 support level. On the upside, a daily close above the 1.1500 threshold would serve as a bullish sign, potentially invalidating the immediate bearish bias.

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 is being pressured lower against the Dollar, though it is currently finding reliable support near the 1.3300 to 1.3330 area. If the pair can reverse this downward pressure and climb back above the daily 200 SMA and the 1.3450 resistance level, the broader trend could shift back to a bullish outlook.

Today’s critical levels to watch:

Support: 1.3330, 1.3300, 1.3250

Resistance: 1.3450, 1.3600

USD/JPY

Price action for USD/JPY reflects market indecision, with the pair moving up and down to produce almost identical upper and lower wicks. This indicates a neutral situation. Because the pair is currently in a bullish correction phase and lacks clear directional confirmation, traders will likely remain on the sidelines and continue waiting for now.

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