DXY:
The DXY (US Dollar Index) chart currently displays a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.
The 1st support at 103.56 is identified as an overlap support and also coincides with the 50% Fibonacci Retracement level. This confluence suggests that it could act as a significant level of support, where traders may expect the price to find buying interest or experience a pause in the bearish movement.
The 2nd support at 102.82 is categorized as an overlap support and coincides with the 61.80% Fibonacci Retracement level. This level further reinforces its potential as a support level, given the confluence of technical factors.
On the resistance side, the 1st resistance at 104.01 is noted as a pullback resistance. This level indicates a potential barrier to further upward movement, where selling interest may emerge.
The 2nd resistance at 105.94 is identified as an overlap resistance, suggesting another potential level where the price may encounter selling pressure during its bearish reaction.
EUR/USD:
The EUR/USD chart currently exhibits a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level.
The 1st support at 1.0764 is considered a pullback support level. This level suggests a potential area of support where traders may anticipate the price finding buying interest or experiencing a pause in its bearish movement.
The 2nd support at 1.0663 is categorized as an overlap support level. Overlap supports often carry significance as they represent areas where the price has previously found support, making it a relevant level to watch for potential price reactions.
On the resistance side, the 1st resistance at 1.0884 is identified as a multi-swing high resistance level. This level indicates a potential barrier to further upward movement, where selling interest may emerge.
The 2nd resistance at 1.0943 is characterized as a swing high resistance level. Swing highs often act as points of resistance, further reinforcing the potential for a bearish continuation.
GBP/USD:
The GBP/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish break off the 1st support level, followed by a drop towards the 2nd support level.
The 1st support at 1.23979 is identified as a pullback support and coincides with the 38.20% Fibonacci Retracement level. This level suggests a potential area of support where traders may expect the price to find buying interest or experience a pause in the bearish movement.
The 2nd support at 1.23185 is also categorized as a pullback support and coincides with the 61.80% Fibonacci Retracement level. It further reinforces its potential as a support level, indicating another relevant area where buyers may step in.
On the resistance side, the 1st resistance at 1.2499 is described as a swing high resistance and also coincides with the 127.20% Fibonacci Extension level. This level suggests a potential barrier to further upward movement, where selling interest may emerge.
USD/JPY:
The USD/JPY chart currently exhibits a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance level.
The 1st support at 150.26 is identified as an overlap support, and it also coincides with the 61.80% Fibonacci Retracement level. This level indicates a significant area of potential support, where traders may expect buying interest or a pause in the upward movement.
The 2nd support at 149.28 is considered a swing low support, further reinforcing its potential as a support level. Swing lows often signify areas where buyers have stepped in previously, making it a relevant support level.
On the resistance side, the 1st resistance at 151.71 is categorized as a multi-swing high resistance. This level suggests that there may be selling interest in this area, potentially acting as a barrier to further upward movement.
The 2nd resistance at 152.66 is noted as a level associated with the -27% Fibonacci Extension, indicating another potential area where the price may encounter selling pressure during its bullish continuation.
USD/CAD:
The USD/CAD chart currently shows a weak bullish momentum, indicating the potential for further upside movement towards the 1st resistance.
The 1st resistance level at 1.3745 is identified as a pullback resistance. Higher up, the 2nd resistance level at 1.3826 is marked as an overlap resistance, highlighting a potential barrier against further upward momentum.
To the downside, the intermediate support at 1.3657 is identified as an overlap support while the 1st support level at 1.3607 is also marked as an overlap support. Further below, the 2nd support level at 1.3523 is noted as a pullback support.
AUD/USD:
The AUD/USD chart currently exhibits an overall bearish momentum, suggesting the potential for a bearish continuation towards the 1st support.
The 1st support level at 0.6455 is identified as a pullback support that aligns close to the 50.00% retracement level. Further below, the 2nd support level at 0.6393 is marked as an overlap support, suggesting a significant support level.
To the upside, the 1st resistance level at 0.6517 is identified as a multi-swing-high resistance. Higher up, the 2nd resistance level at 0.6587 is marked as a pullback resistance, suggesting that it could serve as a strong resistance level.
NZD/USD:
The NZD/USD chart currently exhibits an overall bearish momentum, suggesting the potential for a bearish continuation towards the 1st support.
The 1st support level at 0.5939 is identified as a pullback support. Further below, the 2nd support level at 0.5859 is noted as an overlap support, signifying its significance as a strong support area.
To the upside, the 1st resistance level at 0.5999 is identified as a pullback resistance while the 2nd resistance level at 0.6049 is marked as a multi-swing-high resistance, indicating its potential strength as a barrier to further bullish movement.
