DXY:
The DXY chart currently displays a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support level.
The 1st support at 104.86 is identified as an overlap support, which strengthens its significance as a potential level where the price could find buying interest.
Moreover, the 2nd support at 104.40 is also considered an overlap support, and it exhibits a confluence with the 61.80% Fibonacci Projection, indicating strong technical support. This makes it a crucial level to watch for potential reversals or price reactions.
On the resistance side, the 1st resistance at 105.81 is categorized as an overlap resistance, suggesting it may act as a level where the price encounters selling pressure.
Furthermore, the 2nd resistance at 106.88 is noted as a multi-swing high resistance, adding to its significance as a potential barrier to the price’s upward movement.
Intermediate support at 105.39 is identified as a pullback support, providing an additional area to monitor for potential price reactions.
EUR/USD:
The EUR/USD chart currently has a bullish overall momentum, indicating the potential for a bullish continuation towards the 1st resistance level.
The 1st support at 1.0664 is identified as an overlap support and coincides with the 38.20% Fibonacci Retracement level, making it a significant level where buyers may step in.
Additionally, the 2nd support at 1.0606 aligns with the 61.80% Fibonacci Retracement level, further reinforcing its potential as a strong support level.
On the resistance side, the 1st resistance at 1.0758 is categorized as a multi-swing high resistance, suggesting it may act as a level where the price encounters selling pressure.
Furthermore, the 2nd resistance at 1.0835 is noted as a pullback resistance, indicating it could be a level where the price faces obstacles in its upward movement.
GBP/USD:
The GBP/USD chart currently has a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance level.
The 1st support at 1.2266 is identified as an overlap support, making it a significant level where the price may find buying interest.
Additionally, the 2nd support at 1.2173 is also categorized as an overlap support, further reinforcing its potential as a strong support level.
On the resistance side, the 1st resistance at 1.2421 is noted as a swing high resistance, suggesting it could act as a level where the price encounters selling pressure.
Furthermore, the 2nd resistance at 1.2533 is identified as an overlap resistance, indicating another potential level where the price may face obstacles in its upward movement.
USD/JPY:
The USD/JPY chart currently displays a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance level.
The 1st support at 149.83 is identified as a pullback support, indicating it could be a significant level where the price might find buying interest. This support level aligns with the prevailing bullish momentum.
Additionally, the 2nd support at 148.98 is categorized as an overlap support, further reinforcing its potential as a support level where buyers may step in.
On the resistance side, the 1st resistance at 151.71 is noted as a swing high resistance. This level indicates a potential barrier where the price may face selling pressure as it attempts to move higher.
Intermediate support at 150.56 is also mentioned as a pullback support, adding to the potential areas where the price might find support in its bullish journey.
USD/CAD:
The USD/CAD chart is currently exhibiting an overall bullish momentum, indicating a potential for price to make a bullish continuation towards the 1st resistance.
The 1st resistance level at 1.3813 is identified as an overlap resistance. Higher up, the 2nd resistance level at 1.3889 is marked as a pullback resistance, suggesting that it may act as a strong resistance zone.
To the downside, the 1st support level at 1.3784 is identified as an overlap support. Further below, the 2nd support level at 1.3736 is also noted as an overlap support that aligns with the 38.20% Fibonacci retracement level, adding to its potential as a level where price could find support.
AUD/USD:
The AUD/USD chart is currently characterized by a weak bullish momentum. There is potential for price to make a bullish reaction off the 1st support and rise towards the intermediate resistance. Another factor contributing to this bullish reaction is that price is trading above the bullish Ichimoku cloud and could find strong support within the cloud.
The 1st support level at 0.6392 is idenitfied as an overlap support that aligns with the 61.80% Fibonacci retracement level. Further below, the 2nd support level at 0.6329 is noted as a pullback support, reinforcing its potential as a level of support for the price.
On the resistance side, the intermediate resistance level at 0.6416 is identified as a pullback resistance. Additionally, the 1st resistance level at 0.6455 is also marked as a pullback resistance that aligns close to the 50.00% Fibonacci retracement level, indicating another potential obstacle for the price’s upward movement.
NZD/USD:
The NZD/USD chart is currently characterized by an overall bearish momentum. There is potential for price to make a bearish continuation towards the 1st support.
The 1st support level at 0.5866 is identified as an overlap support that aligns with the 61.80% Fibonacci retracement level. Further below, the 2nd support level at 0.5799 is marked as a swing-low support, reinforcing its potential significance as a level of support.
On the resistance side, the intermediate resistance level at 0.5917 is identified as a pullback resistance while the 1st resistance level at 0.5999 is noted as a swing-high resistance. Higher up, the 2nd resistance level at 0.6049 is marked as a multi-swing-high resistance, indicating another potential level where the price may face obstacles in its upward movement.
