DXY:
The DXY chart currently has a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
1st support at 105.40 is identified as an overlap support, and it also coincides with the 50% Fibonacci Retracement level. This level indicates that there could be a significant level of support, and traders may expect the price to find buying interest or a pause in the bearish movement around this area.
The 2nd support at 104.95 is considered a multi-swing low support, further reinforcing its potential as a support level. Multi-swing lows often indicate areas where buyers have stepped in previously, making it a relevant support level.
On the resistance side, the 1st resistance at 105.95 is categorized as an overlap resistance and also coincides with the 50% Fibonacci Retracement level. This level suggests that there could be selling interest in this area, potentially acting as a barrier to further upward movement.
The 2nd resistance at 106.46 is noted as a pullback resistance, indicating another potential level where the price may encounter selling pressure during its bearish continuation.
EUR/USD:
The EUR/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level and a drop towards the 1st support.
1st support at 1.0664 is identified as an overlap support, and it also coincides with the 38.20% Fibonacci Retracement level. This level suggests that there could be a significant level of support, and traders may expect the price to find buying interest or a pause in the bearish movement around this area.
The 2nd support at 1.0606 is considered a pullback support and coincides with the 61.80% Fibonacci Retracement level. This level reinforces its potential as a support level. Fibonacci retracement levels are often watched by traders for potential reversal points.
On the resistance side, the 1st resistance at 1.0712 is categorized as a multi-swing high resistance. This level indicates that there could be selling interest in this area, potentially acting as a barrier to further upward movement.
The 2nd resistance at 1.0758 is also noted as a multi-swing high resistance, adding to the potential areas where the price might find resistance during its bearish reaction.
GBP/USD:
The GBP/USD chart currently has a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
1st support at 1.2214 is identified as an overlap support, and it also coincides with the 61.80% Fibonacci Retracement level. This level suggests that there could be a significant level of support, and traders may expect the price to find buying interest or a pause in the bullish movement around this area.
The 2nd support at 1.2104 is considered a multi-swing low support, further reinforcing its potential as a support level. Multiple swing lows indicate an area where buyers have previously stepped in, making it a significant support zone.
On the resistance side, the 1st resistance at 1.2303 is categorized as a multi-swing high resistance. This level coincides with the 50% Fibonacci Retracement level, which adds to its significance. This area may act as a barrier to further upward movement, where sellers could be active.
The 2nd resistance at 1.2400 is noted as a swing high resistance, indicating another potential level where the price may encounter obstacles in its upward movement.
USD/JPY:
The USD/JPY chart currently shows a bullish overall momentum, indicating the potential for further upside movement. Here are the key levels to watch:
1st support at 150.54: This level is considered a pullback support, suggesting that it has previously acted as a level where buyers stepped in. It could provide a base for price to bounce higher.
2nd support at 149.83: This is another pullback support, indicating that it has historical significance as a level of buying interest.
1st resistance at 151.71: This level is categorized as a swing high resistance, which means it has previously acted as a barrier to further upside movement.
2nd resistance at 152.42: This resistance level is significant as it aligns with the 127.20% Fibonacci Extension, suggesting it could act as a strong barrier to price advancement.
USD/CAD:
The USD/CAD chart currently shows a bearish overall momentum, indicating the potential for further downside movement. Here are the key levels to watch:
1st support at 1.3739: This level is considered an overlap support and aligns with the 50% Fibonacci Retracement, suggesting that it has previously acted as a level where buyers entered the market. It could provide a base for price to potentially bounce higher.
2nd support at 1.3640: This is a swing low support, indicating historical significance as a level of buying interest.
1st resistance at 1.3823: This level is categorized as a multi-swing high resistance, which means it has previously acted as a barrier to further upside movement.
2nd resistance at 1.3870: This resistance level is significant as it aligns with a pullback resistance, suggesting it could act as a strong barrier to price advancement.
AUD/USD:
The AUD/USD chart currently exhibits a bearish overall momentum, suggesting the potential for further downward movement. Here are the key levels to watch:
1st support at 0.6324: This level is considered an overlap support and coincides with the 78.60% Fibonacci Retracement. It indicates a historical level where buyers have previously stepped in, potentially providing support and causing a bounce.
2nd support at 0.6275: This level is a swing low support, indicating its historical significance as a level of buying interest.
1st resistance at 0.6392: This level is categorized as an overlap resistance and may act as a barrier to further upside movement.
2nd resistance at 0.6436: This resistance level aligns with a 50% Fibonacci Retracement, suggesting that it could serve as a strong resistance level.
NZD/USD:
The NZD/USD chart currently exhibits a bullish overall momentum, suggesting the potential for further upward movement. Here are the key levels to watch:
1st support at 0.5860: This support level is considered a pullback support and coincides with the 61.80% Fibonacci Retracement, indicating a historical level where buyers have previously stepped in. It suggests potential support and a possible bounce from this level.
2nd support at 0.5798: This level is categorized as a swing low support, signifying its historical significance as a level of buying interest.
1st resistance at 0.5919: This resistance level is considered a pullback resistance and may act as a barrier to further upside movement.
2nd resistance at 0.5941: This resistance level aligns with a multi-swing high resistance, indicating its potential strength as a barrier to further bullish movement.
