DXY:
The DXY chart currently has a bearish overall momentum, but there is a potential for a bullish continuation towards the 1st resistance.
The 1st support at 103.56 is identified as an overlap support and also coincides with the 50% Fibonacci retracement level. This level suggests a potential area of support where buyers might step in or where a pause in the bearish movement could occur. The confluence of an overlap support and Fibonacci retracement level makes it a significant support level.
The 2nd support at 102.82 is another overlap support and coincides with the 61.80% Fibonacci retracement level. Similar to the 1st support, this level also indicates potential support and adds to the significance of this price zone.
On the resistance side, the 1st resistance at 104.81 is categorized as a pullback resistance. This level may act as a barrier to further upward movement and is an area where selling interest could potentially emerge.
The 2nd resistance at 105.94 is noted as an overlap resistance, suggesting potential selling pressure in this area.
Intermediate support at 104.02 is a multi-swing low support and could serve as an additional level to watch.
EUR/USD:
The EUR/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support.
The 1st support at 1.0764 is identified as a pullback support. This level indicates a potential area where buyers might step in or where the bearish movement could find temporary support.
The 2nd support at 1.0663 is an overlap support. Overlap supports often carry significance as they represent areas where price has previously found support or resistance, making it a relevant support level.
On the resistance side, the 1st resistance at 1.0884 is categorized as a multi-swing high resistance. This level may act as a barrier to further upward movement and could be a point where selling interest emerges.
The 2nd resistance at 1.0943 is noted as a swing high resistance, further reinforcing its potential as a level where the price might encounter selling pressure.
GBP/USD:
The GBP/USD chart currently has a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
The 1st support at 1.23979 is identified as a pullback support and coincides with the 38.20% Fibonacci Retracement level. This confluence of support factors makes it a significant level where buyers may step in or where the bullish movement could find temporary support.
The 2nd support at 1.23185 is also a pullback support and coincides with the 61.80% Fibonacci Retracement level, adding to its significance as a potential support level.
On the resistance side, the 1st resistance at 1.2499 is categorized as a swing high resistance. This level, along with the 127.20% level, suggests that there could be selling interest in this area, potentially acting as a barrier to further upward movement.
USD/JPY:
The USD/JPY chart currently displays a bullish overall momentum, indicating 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 confluence of support factors suggests that there could be a significant level of support in this area, potentially attracting buyers or serving as a level where the bearish momentum may pause.
The 2nd support at 149.28 is considered a swing low support, further reinforcing its potential as a support level. Swing lows often represent areas where buyers have previously entered the market, 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 may act as a barrier to upward price movement, where sellers may step in or where the price could encounter resistance.
The 2nd resistance at 152.66 is noted as a -27% Fibonacci Expansion level, which indicates a potential price projection beyond the previous high points. It could serve as an extended target if the bullish momentum continues.
USD/CAD:
The USD/CAD chart currently exhibits a bearish overall momentum, indicating the potential for a bearish reaction off the 1st resistance level with a subsequent drop towards the 1st support level.
The 1st support at 1.3627 is identified as a swing low support. This level signifies a point where the price has previously found buying interest or reversed its bearish movement. Traders may expect this level to act as a potential area of support.
The 2nd support at 1.3522 is considered a pullback support. Pullback supports often indicate areas where buyers are likely to step in, further reinforcing the potential significance of this level as a support zone.
On the resistance side, the 1st resistance at 1.3766 is categorized as an overlap resistance. This level coincides with the 61.80% Fibonacci Retracement level, suggesting potential selling interest in this area and acting as a barrier to further upward movement.
The 2nd resistance at 1.3849 is noted as a swing high resistance. This level marks a point where the price has previously encountered selling pressure and reversed its direction.
AUD/USD:
The AUD/USD chart currently shows a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
The 1st support at 0.6445 is identified as a pullback 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 0.6393 is considered a pullback support as well, further reinforcing its potential as a support level. Pullback supports often indicate areas where buyers have stepped in previously, making it a relevant support level.
On the resistance side, the 1st resistance at 0.6517 is categorized as a multi-swing high resistance. 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 0.6585 coincides with the 127.20% Fibonacci Retracement level and is also noted as a swing high resistance. This level further strengthens its significance as a resistance zone.
NZD/USD:
The NZD/USD chart currently exhibits a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level.
The 1st support at 0.5939 is identified as a pullback support. This level suggests that there could be a significant level of support, potentially causing the price to find buying interest or experience a pause in its bearish movement around this area.
The 2nd support at 0.5859 is considered an overlap support, further reinforcing its potential as a support level. Overlap supports often indicate areas where buyers have intervened previously, making it a relevant support level.
On the resistance side, the 1st resistance at 0.6010 is categorized as an overlap resistance. This level could act as a barrier to further upward movement due to potential selling interest.
The 2nd resistance at 0.6049 coincides with a swing high resistance, making it another significant resistance zone.
