DXY:
The DXY (US Dollar Currency Index) chart currently has a neutral overall momentum, indicating a lack of a strong directional bias. In this situation, it’s suggested that the price could potentially fluctuate between the 1st support and 1st resistance levels.
1st support at 105.94 is identified as a swing low support, which could act as a significant level where the price might find buying interest. The 2nd support at 105.40 is categorized as an overlap support, further reinforcing its potential as a support level.
On the resistance side, the 1st resistance at 106.88 is noted as a multi-swing high resistance, indicating it could act as a level where the price faces selling pressure.The 2nd resistance at 107.35 is categorized as a swing high resistance, suggesting it might be a level where the price encounters obstacles in its upward movement.
EUR/USD:
The EUR/USD chart currently exhibits a bullish overall momentum, indicating a potential upward bias. In this scenario, it’s suggested that the price could potentially make a bullish continuation towards the 1st resistance level.
1st support at 1.0526 is identified as an overlap support and coincides with the 38.20% Fibonacci Retracement level. This makes it a significant level where buyers might step in to provide support.The 2nd support at 1.0526 is categorized as a multi-swing low support, further strengthening its potential as a support level.
On the resistance side, the 1st resistance at 1.0676 is noted as a swing high resistance, indicating it could act as a level where the price faces selling pressure.The 2nd resistance at 1.0734 is also categorized as a swing high resistance, suggesting it might be a level where the price encounters obstacles in its upward movement.
GBP/USD:
The GBP/USD chart currently has a bullish overall momentum, indicating the potential for a bullish continuation towards the 1st resistance level.
The 1st support at 1.2092 is identified as a multi-swing low support, signifying its significance as a potential level where buyers may step in.
Similarly, the 2nd support at 1.2063 is also categorized as a multi-swing low support, reinforcing its potential as a support level.
On the resistance side, the 1st resistance at 1.2217 is identified as a swing high resistance, suggesting it could act as a level where the price may face selling pressure.
Additionally, the 2nd resistance at 1.2291 is defined as a swing high resistance, further adding to the potential areas where the price might encounter obstacles in its upward movement.
Intermediate support at 1.2155 is noted as an overlap support and is associated with the 50% Fibonacci Retracement, making it another level to watch for potential price movements.
USD/JPY:
The USD/JPY chart currently has a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level at 149.96. This support level is identified as an overlap support, indicating its significance as a potential area where buyers may enter the market.
Additionally, the 2nd support at 148.74 is considered a swing low support, further reinforcing its potential as a support level.
On the resistance side, the 1st resistance at 150.77 is categorized as a pullback resistance, suggesting it could act as a level where the price may face selling pressure. This resistance level is also associated with the 50% Fibonacci Retracement, adding to its significance.
The 2nd resistance at 151.70 is defined as a swing high resistance, indicating another potential level where the price may encounter obstacles in its upward movement.
USD/CAD:
The USD/CAD chart currently demonstrates an overall bearish momentum. However, there is a potential scenario for price to make a bullish bounce off the 1st support. Price is also trading within the bullish Ichimoku cloud, potentially acting as a support zone.
The 1st support level at 1.3736 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 1.3669 is marked as a pullback support, indicating a potential area of price support.
To the upside, the 1st resistance level at 1.3784 is identified as a pullback resistance that aligns with the 23.60% Fibonacci retracement level. Beyond that, the 2nd resistance level at 1.3889 is also marked as a pullback resistance that aligns with the 61.80% Fibonacci projection level, further reinforcing the potential for resistance in that region.
AUD/USD:
The AUD/USD chart currently exhibits an overall bullish momentum, suggesting a potential for a bullish continuation towards the 1st resistance.
The 1st resistance level at 0.6455 is identified as a pullback resistance. Higher up, the 2nd resistance level at 0.6493 is also noted as a swing-high resistance that aligns close to the 161.80% Fibonacci extension level.
On the support side, should price break below the downside confirmation at 0.6416, it could continue to fall towards the 1st support. The 1st support level at 0.6392 is identified as an overlap support that aligns close to the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 0.6329 is marked as a pullback support, indicating a potential for a strong price support.
NZD/USD:
The NZD/USD chart currently demonstrates an overall bullish momentum, suggesting a potential for a bullish continuation towards the 1st resistance.
The intermediate resistance level at 0.5917 is identified as a pullback resistance while the 1st resistance level at 0.5934 is identified as an overlap resistance that aligns with the 161.80% Fibonacci extension level. Beyond this, the 2nd resistance level at 0.6000 is also noted as an overlap resistance, acting as a potential barrier to upward price movements.
To the downside, the 1st support level at 0.5866 is identified as an overlap support that aligns with a confluence of Fibonacci levels i.e. the 38.20% retracement and the 78.60% projection levels. Additionally, the 2nd support level at 0.5799 is marked as a pullback, potentially acting as a strong support zone.
