The US dollar may strengthen in the near term, while major currencies experience consolidation or pullbacks. Gold may also experience a correction before potentially resuming its uptrend. Keep an eye on geopolitical tensions, inflation data, and central bank policy decisions for further market direction.

EUR/USD

• Euro finds support after sharp losses last week.
• May see a technical correction around 1.0599.
• Resistance at 1.0665, could reach 1.0708 if broken.

GBP/USD

• GBP/USD is steady.
• BoE meeting on May 9th, could hold rates.
• Resistance at 1.2535 and 1.2620, support at 1.2481 and 1.2396.
• Technical analysis suggests buying above 1.2450.

NZD/USD

• NZ dollar slides to five-month low.
• Weak services sector data.
• RBNZ may cut rates.
• Resistance at 0.5960, support at 0.5910.

AUD/USD

• Expected to move gradually from the support zone towards the resistance area
• Resistance at 0.6600/0.6650
• Support at 0.6440/0.6390.
• Short-term selling possible with a fractional volume.

CHF/USD

• Upward trend expected to continue in the short term
• Possible pullback towards support at 0.9000/0.8950 in the next couple of days.

USD/JPY

• Likely to move sideways within a designated price channel, with a
• Potential downward movement towards the support zone (151.00/150.50) later in the week.
• Resistance at 153.30/153.80.

Gold

• At risk of mean reversion after rally.
• Watch key resistance at $2,390.
• Technically overbought, short-term pullback possible.
• Support at $2,327, $2,300 and $2,260.

ETH/USD

• Expected to continue rising in the short-term.
• Resistance at 3,317, then possible reach 3,437.
• Support at 3,125.
• Could resume bearish cycle if falls below 3,100.