DXY:
The DXY chart currently exhibits a bearish momentum. There’s a possibility for a bearish reaction off the 1st resistance at 106.02, leading to a drop towards the 1st support at 105.64. This 1st support is significant due to its characterization as an overlap support and the presence of the 38.20% Fibonacci Retracement. The 2nd support is at 105.41, another overlap support, reinforced by the 50% Fibonacci Retracement.
In terms of resistance, the 1st resistance at 106.02 is notable for its Fibonacci confluence, being at the intersection of the 61.80% Fibonacci Projection and the 161.80% Fibonacci Extension. The 2nd resistance is set at 106.84, marked by the 78.60% Fibonacci Projection.
EUR/USD:
The EUR/USD chart is currently displaying a bullish momentum. There’s a potential scenario where the price may make a bullish bounce from the 1st support level at 1.0572 and move towards the 1st resistance at 1.0630. This 1st support level is especially significant due to its characterization as a multi-swing low support and the confluence of the 161.80% Fibonacci Extension and 78.60% Fibonacci Projection. The 2nd support at 1.0549 is marked by the 100% Fibonacci Projection.
On the resistance side, the 1st resistance at 1.0630 is defined as a pullback resistance. The 2nd resistance level at 1.0673 is characterized as an overlap resistance, making it another key level to watch.
GBP/USD:
The GBP/USD chart currently indicates a bearish momentum, influenced by the price being below the bearish Ichimoku cloud. In the short term, the price might rise towards the 1st resistance level at 1.2235 before potentially reversing and declining to the 1st support at 1.2193. This support level is significant due to its characterization as an overlap support and its association with the 61.80% Fibonacci Projection.
The 2nd support at 1.2121 stands out as a swing low support and is marked by the 100% Fibonacci Projection.
On the resistance side, both the 1st resistance at 1.2235 and the 2nd resistance at 1.2308 are identified as overlap resistances, indicating potential barriers for price increases.
USD/JPY:
The USD/JPY chart is currently showing a bearish trend. In the upcoming sessions, there’s a possibility that the price might experience a bearish reaction upon reaching the 1st resistance level at 149.02, which is defined by a swing high resistance and the 161.80% Fibonacci Extension. If this resistance holds, the price could then decline towards the 1st support level at 148.47, characterized as a pullback support.
The 2nd support level, positioned at 147.94, is recognized as an overlap support, marking it as another potential area where the price might find support.
On the resistance side, beyond the 1st resistance, the 2nd resistance is situated at 150.19, also categorized as a swing high resistance, indicating its potential significance in halting any bullish advancements.
USD/CAD:
The chart for USD/CAD is currently indicating an overall bullish momentum. In this scenario, there is a potential for a bullish continuation towards the 1st resistance level.
The 1st resistance level at 1.3484 is identified as a pullback resistance that aligns with the 61.80% Fibonacci retracement level. Additionally, the 2nd resistance level at 1.3505 is marked as a swing-high resistance that aligns with the 78.60% Fibonacci retracement level.
To the downside, the 1st support level at 1.3445 is identified as a pullback support that aligns with a confluence of Fibonacci levels i.e. two distinct 61.80% retracement levels. Further below, the 2nd support level at 1.3424 is noted as a swing-low support that also aligns with a confluence of Fibonacci levels i.e. the 78.60% retracement and the 61.80% projection levels.
AUD/USD:
The AUD/USD chart is currently displaying an overall neutral momentum, suggesting that price may range-bound or oscillate between the 1st support and the1st resistance levels.
The 1st support level at 0.6400 is identified as an overlap support while the 2nd support level at 0.6365 is noted as a pullback support, suggesting a potential strong support level in the past.
To the upside, the 1st resistance level at 0.6428 is identified as an overlap resistance that aligns with the 38.20% Fibonacci retracement level. Further up, the 2nd resistance level at 0.6458 is marked as a swing-high resistance that aligns with a confluence of Fibonacci levels i.e. the 61.80% retracement and the 61.80% projection levels.
NZD/USD
The NZD/USD chart is currently showing an overall neutral momentum, suggesting that the price may consolidate or move within the 1st support and the 1st resistance levels.
The 1st support level at 0.5944 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Additionally, the 2nd support level at 0.5896 is marked as a pullback support which could potentially act as a major support zone.
To the upside, the 1st resistance level at 0.5984 is identified as a multi-swing-high resistance. Further up, the 2nd resistance level at 0.6001 is also marked as a multi-swing-high resistance that coincides with a confluence of Fibonacci levels i.e. the 127.20% extension and the 61.80% projection levels.
