DXY:
The DXY (US Dollar Index) chart currently displays an overall neutral momentum, suggesting a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels. However, the Relative Strength Index (RSI) is displaying bullish divergence versus price, indicating the likelihood of a bullish move towards the 1st resistance level.
The 1st support level at 106.03 is identified as an overlap support. Additionally, the 2nd support level at 105.56 is identified as a swing-low support, further reinforcing potential price support.
To the upside, the 1st resistance level at 106.79 is characterized as a pullback resistance that aligns close to the 78.60% Fibonacci retracement level. Beyond this, the 2nd resistance level at 107.37 is identified as a swing-high resistance.
EUR/USD:
The EUR/USD chart currently demonstrates an overall bearish momentum, indicating a potential scenario for price to make a bearish reaction off the 1st resistance level with a subsequent drop towards the 1st support level.
The 1st resistance level at 1.0595 is characterized as a pullback resistance. Beyond this, the 2nd resistance level at 1.0632 is identified as an overlap resistance, potentially acting as a barrier to further bullish advances.
To the downside, the 1st support level at 1.0494 is identified as an overlap support. Additionally, the 2nd support level at 1.0451 is identified as a swing-low support, further reinforcing a potential zone for price support.
GBP/USD:
The GBP/USD chart currently exhibits a neutral momentum, suggesting a potential for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st support level at 1.2106 is identified as a pullback support that aligns with the 78.60% Fibonacci projection level. Additionally, the 2nd support level at 1.2063 is identified as a swing-low support that aligns with the 100.00% Fibonacci projection level, adding another layer of potential price support.
To the upside, the 1st resistance level at 1.2218 is characterized as a multi-swing-high resistance that aligns with the 50.00% Fibonacci retracement level. Beyond this, the 2nd resistance level at 1.2272 is identified as an overlap resistance, potentially acting as a barrier to further bullish advances.
USD/JPY:
The USD/JPY chart currently shows a neutral momentum, with a potential for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st resistance level at 149.94 is characterized as a pullback resistance level. Beyond this, the 2nd resistance level at 150.18 is identified as a swing-high resistance, potentially acting as a barrier to further bullish advances.
To the downside, the 1st support level at 149.40 is identified as an overlap support. Additionally, the 2nd support level at 148.94 is also noted as an overlap support, providing a strong foundation of potential support.
USD/CAD:
The USD/CAD chart currently exhibits a bullish momentum, suggesting a potential scenario for price to pull back towards the 1st support level before making a bullish bounce towards the 1st resistance level.
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.
To the upside, the 1st resistance level at 1.3784 is identified as a swing-high resistance that aligns with the 78.60% Fibonacci projection level. 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.
AUD/USD:
The AUD/USD chart currently exhibits a bearish momentum, with price trading within a bearish channel. This factor indicates 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 that aligns with the 78.60% Fibonacci projection level. Additionally, the 2nd support level at 0.6256 is marked as a support level that aligns with a confluence of Fibonacci levels i.e. the 127.20% extension and the 100.00% projection levels, further reinforcing its importance as a potential support area.
To the upside, the 1st resistance level at 0.6389 is identified as an overlap resistance. 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.
The 1st support level at 0.5819 is identified as a pullback support that aligns with the 127.20% Fibonacci extension level. Further below, the 2nd support level at 0.5744 is also noted as a pullback support 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 an overlap resistance that aligns with the 23.60% Fibonacci retracement level. Beyond this, the 2nd resistance level at 0.5928 is also marked as an overlap resistance that aligns with the 50.00% Fibonacci retracement level, making it a potentially strong resistance level.
