USDX (USD Index)

The U.S. Dollar Index faced initial bearish pressure during early trading, but buyers quickly stepped in to reverse the move and push price action back above the opening level. The index maintains its upward momentum and appears poised to continue higher to test its recent swing high. As long as price action holds firmly above key support, the broader bullish market outlook remains intact.

EUR/USD

EUR/USD initiated an early bullish push above the 1.1360 level, but the pair has since reversed and is currently trading lower under renewed selling pressure. Price action remains constrained within the 1.1300 – 1.1360 consolidation range with a growing bias toward a downside test. If sellers maintain control, the market could soon attempt a move toward lower support levels.

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 launched a bullish attempt earlier in the session but met sharp rejection near the 1.3300 – 1.3360 resistance zone. The pair has retreated back to test the 1.3250 support level once again as downward pressure stays active. If selling momentum continues to push the pair lower, traders can expect price action to target 1.3125.

Today’s critical levels to watch:

Support: 1.3250

Resistance: 1.3300, 1.3330, 1.3450, 1.3600

USD/JPY

USD/JPY experienced initial bearish pressure before buyers helped the pair recover back toward its session opening level. A tight consolidation phase appears to be ongoing near the current level. Despite the current pause in price movement, the overall market bias remains tilted to the downside with expectations for an eventual bearish continuation.

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: 0.6820, 0.6750, 0.6700, 0.6600

Resistance: 0.7000, 0.7160, 0.7300, 00.7330