DXY:
The DXY (US Dollar Index) chart currently exhibits an overall bearish momentum with a potential for price to make a bearish continuation towards the 1st support level.
The 1st support level at 105.69 is identified as an overlap support that aligns close to the 23.60% Fibonacci retracement level. Additionally, the 2nd support level at 104.41 is also noted as an overlap support that aligns with the 38.20% Fibonacci retracement level, further reinforcing its significance as a potential area where price could find support.
To the upside, the 1st resistance level at 106.55 is identified as an overlap resistance. Further up, the 2nd resistance level at 107.35 is noted as a swing-high resistance, indicating its potential role as a barrier to upward movements.
EUR/USD:
The EUR/USD chart currently exhibits an overall bearish momentum with price trading within the bearish descending channel. There is a potential for price to make a bearish reaction off the 1st resistance level and fall towards the 1st support level.
The 1st resistance level at 1.0609 is identified as a pullback resistance. Additionally, the 2nd resistance level at 1.0664 is also noted as a pullback resistance that aligns close to a confluence of Fibonacci levels i.e. the 23.60% retracement and the 38.20% retracement levels, suggesting that it may act as a barrier to upward movements.
To the downside, the 1st support level at 1.0498 is identified as a pullback support while the 2nd support at 1.0445 is also noted as a pullback support, making it an important level for potential price support.
GBP/USD:
The GBP/USD chart currently exhibits an overall bearish momentum with price trading within the bearish descending channel. There is a potential for price to make a bearish reaction off the 1st resistance level and fall towards the 1st support level.
The 1st resistance level at 1.2259 is identified as a pullback resistance. Beyond this, the 2nd resistance level at 1.2309 is also noted as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.60% retracement and the 38.20% retracement levels, suggesting it may act as a barrier to upward movements.
To the downside, the 1st support level at 1.2123 is identified as a pullback support. Additionally, the 2nd support level at 1.2064 is noted as a pullback support, further reinforcing its significance as a potential area where price could find support.
USD/JPY:
The USD/JPY chart currently exhibits a weak bullish momentum with a potential for price to make a bullish bounce off the 1st support level and rise towards the 1st resistance level.
The 1st support level at 148.41 is identified as an overlap support. Further below, the 2nd support at 147.49 is also noted as an overlap support that aligns with a confluence of Fibonacci levels i.e. the 23.60% retracement and the 61.80% retracement levels, further reinforcing its significance as an area where the price may find support.
To the upside, the 1st resistance level at 149.53 is identified as a pullback resistance. Higher up, the 2nd resistance level at 150.16 is noted as a swing-high resistance, acting as a potential barrier to further price increases.
USD/CAD:
The USD/CAD chart is currently showing an overall bearish momentum, suggesting the possibility of a bearish continuation towards the 1st support should price break below the bullish Ichimoku cloud.
The 1st support level at 1.3561 is identified as an overlap support that aligns with the 61.80% Fibonacci retracement level. Additionally, the 2nd support level at 1.3524 is noted as a pullback support.
To the upside, the 1st resistance level at 1.3641 is identified as a pullback resistance. Higher up, the 2nd resistance level at 1.3694 is also noted as a pullback resistance, further emphasizing its significance as a barrier for future price increases.
AUD/USD:
The AUD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st support level at 0.6386 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 0.6348 is marked as a pullback, reinforcing its importance as a potential support level.
To the upside, the 1st resistance level at 0.6457 is identified as a swing-high resistance that aligns with the 78.60% Fibonacci retracement level. Additionally, the 2nd resistance level at 0.6493 is also noted as a swing-high resistance, further emphasizing its significance as a barrier for future price increases.
NZD/USD
The NZD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st resistance level at 0.6050 is identified as an overlap resistance. Additionally, the 2nd resistance level at 0.6095 is marked as a pullback resistance that aligns with the 127.20% Fibonacci extension level, further emphasizing its significance as a barrier for future price increases.
To the downside, the 1st support level at 0.5989 is identified as an overlap support that aligns with the 61.80% Fibonacci retracement level. Further below, the 2nd support level at 0.5934 is noted as a pullback support, further reinforcing its significance as an area where price may find support.
