DXY:
The DXY (US Dollar Index) chart currently maintains a bearish overall momentum, and there’s a potential scenario of a bearish continuation towards the 1st support level.
The 1st support at 105.68 is considered significant as it’s identified as an overlap support, making it an important level for potential price support. Additionally, the 2nd support at 105.09 is categorized as a pullback support, further reinforcing its significance as a potential area where price could find support.
On the resistance side, the 1st resistance level at 107.13 is recognized as a multi-swing high resistance, indicating its potential role as a barrier to upward movements. Beyond this, the 2nd resistance at 107.75 is identified as a swing high resistance.
Furthermore, there’s an intermediate support at 106.34, which is also considered a pullback support and is associated with the 61.80% Fibonacci Retracement level. This level adds another layer of potential support for price movements.
EUR/USD:
The EUR/USD chart currently maintains a bearish overall momentum, and there’s a potential scenario of a bearish reaction off the 1st resistance level, leading to a drop towards the 1st support.
The 1st support at 1.0478 is considered significant as it’s identified as a pullback support, making it an important level for potential price support. Additionally, the 2nd support at 1.0387 is categorized as a swing low support, further reinforcing its significance as a potential area where price could find support.
On the resistance side, the 1st resistance level at 1.0552 is recognized as a pullback resistance. It’s noteworthy that this level is associated with the confluence of the 61.80% Fibonacci Retracement and the 78.60% Fibonacci Projection, indicating strong Fibonacci confluence and suggesting it may act as a barrier to upward movements. Beyond this, the 2nd resistance at 1.0633 is identified as an overlap resistance.
GBP/USD:
The GBP/USD chart currently exhibits a bullish overall momentum, and there’s a potential scenario of a bullish continuation towards the 1st resistance.
The 1st support at 1.2124 is considered significant as it’s identified as an overlap support, making it an important level for potential price support. Additionally, the 2nd support at 1.2067 is categorized as a multi-swing low support, further reinforcing its significance as a potential area where price could find support.
On the resistance side, the 1st resistance level at 1.2267 is recognized as an overlap resistance. It’s noteworthy that this level is associated with the 78.60% Fibonacci Projection, suggesting it may act as a barrier to upward movements. Beyond this, there’s an intermediate resistance at 1.2199, which aligns with the 78.60% Fibonacci Projection as well.
USD/JPY:
The USD/JPY chart currently exhibits a bearish momentum, but there’s a potential short-term scenario of a price rise towards the 1st resistance level before reversing and moving towards the 1st support.
The 1st support at 148.39 is considered significant, as it’s identified as an overlap support. Additionally, the 2nd support at 147.47 aligns with the 61.80% Fibonacci Retracement, further emphasizing its importance as a potential support level.
On the resistance side, the 1st resistance level at 149.19 is characterized as a swing high resistance, and beyond this, the 2nd resistance at 149.93 is also identified as a swing high resistance.
USD/CAD:
The USD/CAD chart is currently showing an overall bearish momentum suggesting the possibility of a bearish continuation towards the 1st support.
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, further emphasizing its significance as a barrier for future price increases.
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 0.6401 is identified as an overlap resistance that aligns close to a confluence of Fibonacci levels i.e. the 50.00% retracement and the 61.80% projection levels. Further up, the 2nd resistance level at 0.6470 is also marked as an overlap resistance, further emphasizing its significance as a barrier for future price increases.
To the downside, the 1st support level at 0.6357 is identified as a pullback support while the 2nd support level at 0.6297 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 0.5984 is identified as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 61.80% retracement and the 78.60% projection levels. Additionally, the 2nd resistance level at 0.6035 is marked as a swing-high resistance, further emphasizing its significance as a barrier for future price increases.
To the downside, the 1st support level at 0.5949 is identified as an overlap support. Further below, the 2nd support level at 0.5921 is also noted as an overlap support, further reinforcing its significance as an area where price may find support.
