USD strength persists as major pairs test critical technical levels

The US Dollar continues its dominant performance as major currency pairs approach key technical levels that could determine near-term direction. EUR/USD tests support near 1.0500, while GBP/USD hovers around the psychologically important 1.2800 level. USD/JPY maintains its upward trajectory above 150.00, and USD/CHF consolidates near 0.9100. Technical indicators suggest the dollar's momentum remains intact, with the Dollar Index defending support above 106.00. Traders are closely monitoring these levels for potential breakouts or reversals. The absence of major economic releases has increased focus on technical patterns, with many pairs trading near multi-month extremes. Market positioning data shows continued dollar longs, though some profit-taking is emerging at resistance levels. The week ahead will be crucial in determining whether current ranges hold or if technical breaks trigger accelerated moves in either direction.