DXY:
The DXY chart currently indicates a bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
The 1st support at 106.02 is considered significant as it aligns with an overlap support and coincides with the 61.80% Fibonacci Retracement level, indicating its potential to act as a strong support level. Additionally, the 2nd support at 105.40 is identified as another overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 106.78 is characterized as an overlap resistance, making it a potential barrier to further upward price movements. The 2nd resistance at 107.17 is noted as a multi-swing high resistance, further adding to its significance as a potential area of resistance.
EUR/USD:
The EUR/USD chart currently demonstrates a bearish momentum, suggesting the potential for a bearish continuation towards the 1st support.
The 1st support at 1.0524 is considered significant as it aligns with an overlap support, indicating its potential to act as a strong support level. Additionally, the 2nd support at 1.0485 is identified as another overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 1.0629 is characterized as an overlap resistance and coincides with the 61.8% Fibonacci Retracement level, making it a strong potential barrier to any notable upward price movement. The 2nd resistance at 1.0677 is also noted as an overlap resistance, adding to its significance as a potential area where selling pressure may emerge.
GBP/USD:
The GBP/USD chart currently exhibits a bullish momentum, indicating the potential for a bullish continuation towards the 1st resistance level at 1.2212.
The 1st support at 1.2088 is considered significant as it aligns with an overlap support, indicating its potential to act as a strong support level. Additionally, the 2nd support at 1.2044 is also identified as an overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 1.2212 is characterized as a pullback resistance and coincides with the 61.80% Fibonacci Retracement level, making it a strong potential barrier to upward price movement. The 2nd resistance at 1.2273 is also noted as an overlap resistance, adding to its significance as a potential area where selling pressure may emerge. Given the overall bullish momentum, there’s a likelihood of price continuing its upward trajectory towards these resistance levels.
USD/JPY:
The USD/JPY chart currently exhibits a bearish momentum, suggesting the potential for a bearish reaction off the 1st resistance level at 149.50, followed by a drop towards the 1st support level at 148.92.
The 1st support at 148.92 is considered significant as it aligns with an overlap support, indicating its potential to act as a strong support level. Additionally, the 2nd support at 148.42 is also identified as an overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 149.50 is characterized as an overlap resistance and coincides with the 38.20% Fibonacci Retracement level, making it a strong potential barrier to upward price movement. The 2nd resistance at 149.97 is noteworthy as it aligns with an overlap resistance, the 78.60% Fibonacci Projection, and the 61.80% Fibonacci Retracement, indicating a significant level of Fibonacci confluence
USD/CAD:
The USD/CAD chart currently demonstrates an overall bullish momentum. There is a potential scenario for price to make a bullish continuation towards the 1st resistance.
The 1st resistance level at 1.3882 is identified as a pullback resistance. Beyond that, the 2nd resistance level at 1.3919 is marked as a resistance that aligns with the 161.80% Fibonacci extension level, further reinforcing the potential for resistance in that region.
To the downside, the 1st support level at 1.3786 is identified as an overlap support that aligns with the 38.20% Fibonacci retracement level. Further below, the 2nd support level at 1.3736 is also noted as an overlap support that aligns with the 61.80% Fibonacci retracement level, indicating a potential area of price support.
AUD/USD:
The AUD/USD chart currently exhibits an overall bearish momentum. There is a potential scenario for price to break below the intermediate support and make a bearish continuation towards the 1st support.
The intermediate support level at 0.6329 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. The 1st support level at 0.6278 is marked as a multi-swing-low support, indicating its potential as a strong level of price support.
On the resistance side, the intermediate resistance level at 0.6374 is identified as an pullback resistance that aligns with the 78.60% Fibonacci retracement level while the 1st resistance level at 0.6394 is noted as an overlap resistance that aligns close to the 100.00% Fibonacci projection level. Higher up, the 2nd resistance level at 0.6439 is identified as a swing-high resistance that aligns with the 127.20% Fibonacci extension level.
NZD/USD:
The NZD/USD chart currently demonstrates an overall bearish momentum, suggesting a potential for a bearish continuation towards the 1st support. Price is also trading under the bearish Ichimoku cloud, which acts as an additional bearish factor.
The 1st support level at 0.5780 is identified as a pullback support. Additionally, the 2nd support level at 0.5743 is marked as a swing-low support that aligns with the -27.20% Fibonacci expansion level, which further reinforces the potential for a strong support zone.
On the resistance side, the 1st resistance level at 0.5866 is identified as an overlap resistance. Beyond this, the 2nd resistance level at 0.5931 is also noted as an overlap resistance that aligns with the 161.80% Fibonacci extension level, acting as a potential barrier to upward price movements.
