Resistance Breakouts and Pullback Rejections Across Majors

This multi-asset technical analysis highlights key setups across major instruments, including DJI, NZDJPY, AUDCAD, and EURGBP. Market sentiment remains mixed, with some assets showing bullish continuation while others consolidate or face resistance.

DJI (Dow Jones Industrial Average)
Dow Jones continues to display a strong bullish structure as it breaks above the key resistance level at 42,865, approaching the psychological threshold at 43,000. This level had previously acted as a major barrier, and the close above it may lead to continuation if confirmed with a daily close and follow-through momentum. The Ichimoku Cloud signals are supportive, showing bullish Kumo twist and price trading above the cloud structure. The RSI remains in healthy territory at 62.01, suggesting bullish momentum without being overbought. If the price maintains above the breakout zone, a move toward new all-time highs may be in play, while a daily close back below 42,865 could indicate a false breakout.

NZDJPY (New Zealand Dollar / Japanese Yen)
NZDJPY has recently faced a strong rejection after testing the 87.50-88.00 resistance zone, retreating back toward the Ichimoku support zone. Although the pair remains above the major support at 85.00, the rejection candle and weakening RSI (now at 56.43) suggest bearish pressure could continue in the short term. Price is currently trading within a potential bullish flag formation, but confirmation is needed via a bounce above 87.00. Failure to hold above 85.00 would invalidate the bullish thesis and could trigger further downside.

AUDCAD (Australian Dollar / Canadian Dollar)
AUDCAD continues to consolidate within a broad horizontal channel between 0.8760 support and 0.9020 resistance. The price is hovering just above mid-range and slightly below the Kumo resistance. Ichimoku analysis suggests indecision, with price near the cloud and no clear trend direction. The RSI indicator also hovers in neutral territory around 48.58. A clean break above 0.8890 could open the door to retest 0.9020 highs, while a move below 0.8760 would mark a bearish continuation setup toward the 0.86 region.

EURGBP (Euro / British Pound)
EURGBP is approaching a confluence resistance zone near 0.8500, having reclaimed the 0.8450-0.8452 support level. Price action shows a steady climb from the 0.8317 base, but the cloud overhead continues to cap upward momentum. RSI at 58.19 indicates improving strength, but not yet in overbought territory. Bulls will need to push through the 0.8500 barrier to sustain further upside toward 0.8570–0.8600. A rejection at current levels could bring the pair back toward the support range for another retest.


Amid these varied setups, this multi-asset technical analysis provides a snapshot of current momentum trends and breakout levels shaping today’s trading environment.