The US dollar is finding strength against most major currencies due to expectations of continued rate hikes by the Federal Reserve. Important economic data releases from the US today will be a key driver of market sentiment. Bitcoin is showing some signs of a technical rebound, but the overall outlook remains uncertain.

EUR/USD:

• Possible Buy Scenario: Test around 1.0639. Target: 1.0672. Exit: Sell at 1.0672 and target downside movement of 20-35 points.
• Possible Sell Scenario: Test around 1.0618. Target: 1.0585. Exit: Buy at 1.0585 and target upside movement of 20-25 points.
• Important: Watch for US data impacting the dollar. Strong data favors selling EUR, weak data favors buying EUR.

GBP/USD:

• Possible Buy Scenario: Entry around 1.2455. Target: 1.2499. Exit: Sell at 1.2499 and target downside movement of 30-35 points. Note: Weak US data on real estate market is needed for this scenario.
• Possible Sell Scenario: Test around 1.2455. Target: 1.2428. Exit: Buy at 1.2428 and target upside movement of 20-25 points.
• Important: Watch for US data impacting the dollar. Strong data favors selling GBP, weak data favors buying GBP.

USD/JPY:

• Possible Buy Scenario: Entry around 154.69. Target: 155.03. Exit: Sell at 155.03 and target downside movement of 30-35 points. Note: Strong US data is needed for this scenario.
• Possible Sell Scenario: Test around 154.45.  Target: 154.15. Exit: Buy at 154.15 and target upside movement of 20-25 points.
• Important: Watch for US data impacting the dollar. Strong data favors buying USD, weak data favors selling USD.

AUD/USD:

• Bearish outlook due to potential RBA rate cuts later in the year and lower commodity prices.
• Support at 0.6444, resistance at 0.6444. If price falls below support, expect further losses.

NZD/USD:

• Weakening due to expected drop in inflation and potential RBNZ rate cuts.
• Support at 0.5886, resistance at 0.5984.

BTC/USD:

• Key level at $62,500.
• Possible Buy Scenario: Above $62,500 with confirmation from eagle indicator reaching oversold zone. Target: $64,884 or $66,737.
• Possible Sell Scenario: Daily close below $62,500. Target: $60,000 or 59,376.