DXY:
The DXY (US Dollar Index) chart currently exhibits a bearish momentum, and there’s a potential scenario of a bearish continuation towards the 1st support level at 105.68, which is considered significant as it’s identified as an overlap support.
The 2nd support at 105.13 is also notable as a pullback support, further reinforcing its potential role as a support level.
On the resistance side, the 1st resistance level at 107.13 is characterized as a multi-swing high resistance, which suggests it could act as a barrier to upward movements.
Additionally, there’s an intermediate support level at 106.34, which is identified as a pullback support.
EUR/USD:
The EUR/USD chart currently exhibits bullish momentum, and there’s a potential scenario of a bullish continuation towards the 1st resistance level at 1.0552. This level is considered significant as it aligns with both the 61.80% Fibonacci Retracement and the 78.60% Fibonacci Projection, indicating a potential Fibonacci confluence.
The 1st support at 1.0478 is another notable level, characterized as a multi-swing low support, which suggests it could provide support in case of a price pullback.
Additionally, the 2nd support at 1.0349 is identified as a swing low support, further reinforcing its importance as a potential support level.
GBP/USD:
The GBP/USD chart currently maintains a bullish momentum, with the potential scenario of a bullish continuation towards the 1st resistance level at 1.2261. This level is identified as a swing high resistance, suggesting it could act as a barrier to further price increases.
Support levels are also in play, with the 1st support at 1.2124 categorized as an overlap support, reinforcing its significance as a potential level where the price may find support. Additionally, the 2nd support at 1.2067 is characterized as a multi-swing low support, further highlighting its importance as a potential support zone.
An intermediate resistance level at 1.2181 is identified as an overlap resistance and is supported by the 61.80% Fibonacci Retracement, which could potentially influence price movements
USD/JPY:
The USD/JPY chart is currently displaying a bearish momentum, with one significant contributing factor being that the price has crossed below the Ichimoku cloud. Given this context, there is a potential scenario where price could experience a bearish break off the 1st support level and drop towards the 2nd support.
The 1st support at 148.44 is considered a pullback support and could be a crucial level for potential price support. Additionally, the 2nd support at 147.26 is identified as an overlap support, reinforcing its significance as a potential zone where price may find support.
On the resistance side, the 1st resistance level at 149.98 is marked as a swing high resistance, which could act as a barrier to upward movements.
USD/CAD:
The USD/CAD chart is currently showing an overall bearish momentum suggesting the possibility of a bearish continuation towards the 1st support, supported by the Relative Strength Index (RSI) which is highlighting a bearish divergence versus price action.
The 1st support level at 1.3693 is identified as an overlap support that aligns with the 23.60% Fibonacci retracement level. Additionally, the 2nd support level at 1.3634 is also noted as an overlap support that aligns with the 38.20% Fibonacci retracement level, further reinforcing its importance.
To the upside, the 1st resistance level at 1.3806 is identified as a pullback resistance while the 2nd resistance level at 1.3854 is also marked as a pullback resistance.
AUD/USD:
The AUD/USD chart currently exhibits an overall bullish momentum with a potential scenario of a bullish continuation towards the 1st resistance level.
The 1st resistance level at 0.6364 is identified as a pullback resistance that aligns with the 38.20% Fibonacci retracement level. Further up, the 2nd resistance level at 0.6397 is marked as an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 50% retracement and the 61.80% projection levels.
To the downside, the intermediate support level at 0.6338 is identified as an overlap support while the 1st support level at 0.6289 is marked as a swing-low support, reinforcing its importance as a potential support level.
NZD/USD:
The NZD/USD chart currently exhibits an overall bullish momentum with a potential scenario of a bullish continuation towards the 1st resistance level.
The 1st resistance level at 0.5945 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci retracement level. Additionally, the 2nd resistance level at 0.5984 is marked as a pullback resistance that aligns with the 61.80% Fibonacci Retracement, further emphasizing its significance as a barrier for future price increases..
To the downside, the 1st support level at 0.5897 is identified as a pullback support while the 2nd support level at 0.5863 is also noted as pullback support that coincides with the 127.20% Fibonacci extension level.
