DXY:
The DXY (US Dollar Index) chart currently displays a bullish overall momentum, suggesting the potential scenario of a bullish continuation towards the 1st resistance level.
The 1st support at 106.03 is considered significant as it aligns with an overlap support and coincides with the 61.80% Fibonacci Retracement level, providing a strong potential foundation of support. Additionally, the 2nd support at 105.56 is identified as a multi-swing low support, further reinforcing potential price support.
On the resistance side, the 1st resistance at 106.80 is characterized as a swing high resistance level, and beyond this, the 2nd resistance at 107.36 is identified as a swing high resistance.
Intermediate support at 106.40 also adds to the complexity of the technical levels, suggesting potential price interactions.
EUR/USD:
The EUR/USD chart currently demonstrates a bearish overall momentum, indicating the potential scenario of a bearish reaction off the 1st resistance level with a subsequent drop towards the 1st support.
The 1st support at 1.0493 is deemed significant as it aligns with an overlap support and coincides with the 78.60% Fibonacci Retracement level, providing a robust potential foundation of support. Additionally, the 2nd support at 1.0450 is identified as a swing low support, further reinforcing potential price support.
On the resistance side, the 1st resistance at 1.0590 is characterized as an overlap resistance and aligns with the 61.80% Fibonacci Retracement level. Beyond this, the 2nd resistance at 1.0631 is also identified as an overlap resistance.
Intermediate support at 1.0525 adds an additional layer to the technical levels, indicating potential price interactions.
GBP/USD:
The GBP/USD chart is currently in a neutral state, suggesting the potential for price to fluctuate between the 1st resistance and 1st support levels.
The 1st support at 1.2122 is considered significant as it aligns with a multi-swing low support level and coincides with the 78.60% Fibonacci Retracement level, providing a strong potential support zone. Additionally, the 2nd support at 1.2063 is identified as a multi-swing low support, adding another layer of potential price support.
On the resistance side, the 1st resistance at 1.2217 is characterized as a multi-swing high resistance level, and beyond this, the 2nd resistance at 1.2271 is identified as an overlap resistance.
USD/JPY:
The USD/JPY chart currently shows a bearish momentum, with the potential scenario of a bearish continuation towards the 1st support level.
The 1st support at 149.39 is considered significant as it aligns with an overlap support level. Additionally, the 2nd support at 148.93 is identified as an overlap support and coincides with the 50% Fibonacci Retracement level, providing a strong foundation of potential support.
On the resistance side, the 1st resistance at 149.92 is characterized as a multi-swing high resistance level, and beyond this, the 2nd resistance at 150.15 is identified as a swing high resistance.
USD/CAD:
The USD/CAD chart currently exhibits a bullish momentum, suggesting a potential scenario for price to make a bullish continuation towards the 1st resistance level.
The 1st resistance level at 1.3784 is identified as a swing-high resistance. Higher up, the 2nd resistance level at 1.3846 is noted as a resistance level that aligns with the 127.20% Fibonacci extension level, potentially acting as a barrier to further bullish advances.
To the downside, the 1st support level at 1.3692 is identified as an overlap support. Additionally, the 2nd support level at 1.3607 is also noted as an overlap support, adding to its significance as a potential support zone.
AUD/USD:
The AUD/USD chart currently exhibits a bearish momentum, with price trading within a bearish channel and under the bearish Ichimoku cloud. These factors indicate a potential scenario for price to make a bearish continuation towards the 1st support level.
The 1st support level at 0.6287 is identified as a multi-swing-low support. Additionally, the 2nd support level at 0.6256 is marked as a support level that aligns with the 127.20% Fibonacci extension level, further reinforcing its importance as a potential support area.
To the upside, the intermediate resistance level at 0.6332 is identified as an overlap resistance while the 1st resistance level at 0.6389 is also noted as an overlap resistance that aligns the 61.80% Fibonacci retracement level. Beyond this, the 2nd resistance level at 0.6445 is marked as a swing-high resistance, making it a potentially strong resistance level.
NZD/USD:
The NZD/USD chart currently exhibits a bearish momentum, suggesting a potential scenario for price to make a bearish continuation towards the 1st support level. However, the Relative Strength Index (RSI) is displaying a bullish divergence versus price. This divergence suggests that there is a potential scenario for price to reverse course in the near-term.
The 1st support level at 0.5819 is identified as a support level that aligns with the 127.20% Fibonacci extension level. Further below, the 2nd support level at 0.5744 is noted as a pullback support level that aligns with the 161.80% Fibonacci extension level, indicating a potential support zone.
To the upside, the 1st resistance level at 0.5866 is identified as a pullback resistance. Beyond this, the 2nd resistance level at 0.5928 is marked as an overlap resistance that aligns with the 38.20% Fibonacci retracement level, making it a potentially strong resistance level.
