DXY:
The DXY (US Dollar Index) chart currently exhibits bullish momentum, suggesting the potential scenario of a bullish bounce off the 1st support level with a subsequent move towards the 1st resistance.
The 1st support at 105.68 is considered significant as it is identified as a multi-swing low support, indicating a potential area where buying interest may emerge. Additionally, the 2nd support at 105.36 is characterized as an overlap support, further reinforcing its importance as a potential level for price rebounds.
On the resistance side, the 1st resistance level at 106.03 is identified as an overlap resistance, suggesting it could act as a strong barrier to upward price movement. Beyond this, the 2nd resistance at 106.54 is also characterized as an overlap resistance, adding to its significance as a potential area where selling pressure may emerge.
EUR/USD:
The EUR/USD chart currently shows a bearish momentum, indicating the potential scenario of a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.
The 1st support at 1.0584 is considered significant as it is identified as an overlap support, suggesting it may act as a level where buying interest could emerge. Additionally, the 2nd support at 1.0526 is also characterized as an overlap support, reinforcing its importance as a potential level for price rebounds.
On the resistance side, the 1st resistance level at 1.0629 is identified as an overlap resistance, indicating it could serve as a strong barrier to upward price movement. Beyond this, the 2nd resistance at 1.0674 is also characterized as an overlap resistance and coincides with the 127.20% Fibonacci Extension level, further adding to its significance as a potential area where selling pressure may emerge.
GBP/USD:
The GBP/USD chart currently exhibits bearish momentum, suggesting a potential scenario of a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.
The 1st support at 1.2259 is considered significant as it’s identified as an overlap support, indicating that it may act as a level where buying interest could emerge. Additionally, the 2nd support at 1.2176 is also characterized as an overlap support, reinforcing its importance as a potential level for price rebounds.
On the resistance side, the 1st resistance level at 1.2337 is identified as a swing high resistance, and it’s noteworthy for being located at the 127.20% Fibonacci Extension level, suggesting it could serve as a strong barrier to upward price movement. Beyond this, the 2nd resistance at 1.2418 is also characterized as a swing high resistance and is positioned at the 161.80% Fibonacci Extension level, further adding to its significance as a potential area where selling pressure may emerge.
USD/JPY:
The USD/JPY chart currently exhibits bearish momentum, suggesting a potential scenario of a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.
The 1st support at 148.40 is considered significant as it’s identified as an overlap support, potentially acting as a strong level where buying interest could emerge. Additionally, the 2nd support at 147.49 is characterized as an overlap support, reinforcing its importance as a potential level for price rebounds.
On the resistance side, the 1st resistance level at 149.44 is identified as a swing high resistance, and it coincides with the 100% Fibonacci Projection, making it a robust level of resistance where selling pressure may intensify. Beyond this, the 2nd resistance at 149.90 is characterized as a multi-swing high resistance and aligns with the 127.20% Fibonacci Extension, further adding to its significance as a potential area where selling pressure may emerge.
USD/CAD:
The USD/CAD chart is currently showing a neutral momentum with a potential scenario for price to fluctuate between the intermediate resistance and the 1st support levels.
The 1st support level at 1.3576 is identified as a pullback support. Additionally, the 2nd support level at 1.3523 is also noted as a pullback support, further reinforcing its significance as an area where the price may find support.
To the upside, the intermediate resistance at 1.3619 is identified as a pullback resistance that aligns with the 23.60% Fibonacci retracement level. Higher up, the 1st resistance level at 1.3680 is also marked as a pullback resistance that aligns with the 50.00% Fibonacci retracement level, further emphasizing its significance as a barrier for future price increases.
AUD/USD:
The AUD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st support level at 0.6394 is identified as an overlap support that aligns with the 38.20% Fibonacci retracement level. Further below, the 2nd support level at 0.6348 is marked as a pullback support that aligns with the 78.60% Fibonacci retracement level, reinforcing its importance as a potential support level.
To the upside, the 1st resistance level at 0.6439 is identified as a pullback resistance. Additionally, the 2nd resistance level at 0.6493 is noted as a swing-high resistance, further emphasizing its significance as a barrier for future price increases.
NZD/USD:
The NZD/USD chart currently exhibits an overall bearish momentum with a potential scenario for price to make a bearish continuation towards the 1st support level.
The 1st support level at 0.5991 is identified as a pullback support that aligns with the 38.20% Fibonacci retracement level. Further below, the 2nd support level at 0.5934 is also noted as a pullback support that aligns with the 61.80% Fibonacci retracement level, further reinforcing its significance as an area where price may find support.
The 1st resistance level at 0.6048 is identified as a pullback resistance. Additionally, the 2nd resistance level at 0.6095 is also marked as a pullback resistance that aligns with the 127.20% Fibonacci extension level, further emphasizing its significance as a barrier for future price increases.
