Week in Markets: Trends, Levels, Expectations (Jun 29 – Jul 5, 2026)

We review the most important levels for key financial instruments and probable scenarios.

Key Topics

• Euro (EURUSD)
• British Pound (GBPUSD)
• Swiss Franc (USDCHF)
• Japanese Yen (USDJPY)
• Canadian Dollar (USDCAD)
• Australian Dollar (AUDUSD)
• New Zealand Dollar (NZDUSD)
• Bitcoin (BTC)
• Apple Inc (AAPL)
• NVIDIA Corp (NVDA)
• Tesla Inc (TSLA)
• Summary

Euro (EURUSD)

The bearish trend continues, a correction is developing again. A sell entry point on a rebound may form after it is completed. The last broken level is support (1.1499 — 1.1518). The breakout occurred 7 candlesticks ago.

If the downward movement resumes, the first target will be the support level with boundaries of 1.1324 — 1.1357. If the trend develops successfully, a further target will be at the support level with boundaries of 1.1065 — 1.1088.

If the next correction ends near the resistance level (1.1607 — 1.1622), the potential reward/risk ratio could be approximately 3:1. When choosing a further target — around 6:1. If the correction ends near the last broken level (1.1499 — 1.1518), the potential reward/risk ratio could be negligible (around 0.8:1). When using a further target — approximately 2:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 1.1607 — 1.1622. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

British Pound (GBPUSD)

The bearish trend continues, an impulse wave is developing. A sell entry point on a rebound may form after a correction forms. The last broken level is support (1.3305 — 1.3333). The breakout occurred 7 candlesticks ago.

An intermediate target for the downward movement is the support level with boundaries of 1.3160 — 1.3172.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.1:1). If the next correction ends near the resistance level (1.3247 — 1.3272), the potential reward/risk ratio could be negligible (around 0.8:1).

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 1.3247 — 1.3272. If the market successfully establishes itself above this resistance, the trend will change to the opposite (bullish).

Swiss Franc (USDCHF)

The bullish trend continues, a correction is developing. A buy entry point on a rebound may form after the correction is completed. The last broken level is resistance (0.7999 — 0.8012). The breakout occurred 7 candlesticks ago.

If the upward movement resumes, the first target will be the resistance level with boundaries of 0.8126 — 0.8139.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.1:1). If the next correction ends near the support level (0.7908 — 0.7931), the potential reward/risk ratio could be over 2:1. If the correction ends near the last broken level (0.7999 — 0.8012), the potential reward/risk ratio could be negligible (around 0.8:1).

Long positions will remain relevant as long as the market remains above the nearest support level with boundaries of 0.7908 — 0.7931. If the market successfully establishes itself below this support, the trend will change to the opposite (bearish).

Japanese Yen (USDJPY)

The bullish trend continues, an impulse wave is developing. A buy entry point on a rebound may form after a correction forms. The last broken level is resistance (160.55 — 160.59). The breakout occurred 8 candlesticks ago.

No active targets for the upward movement have been found on the current timeframe.

Long positions will remain relevant as long as the market remains above the nearest daily timeframe support level with boundaries of 159.64 — 159.92. If the market successfully establishes itself below this support, the trend will change to the opposite (bearish).

Canadian Dollar (USDCAD)

The bullish trend continues, a correction is developing. A buy entry point on a rebound may form after it is completed. The last broken level is resistance (1.3953 — 1.3969). The breakout occurred 11 candlesticks ago.

An intermediate target for the upward movement is the resistance level with boundaries of 1.4234 — 1.4248. If the trend develops successfully, a further target will be at the resistance level with boundaries of 1.4388 — 1.4415.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.1:1). When using a further target — also small (approximately 0.5:1). If the next correction ends near the support level (1.3897 — 1.3939), the potential reward/risk ratio could be around 3:1. For a further target — over 4:1. If the correction ends near the last broken level (1.3953 — 1.3969), the potential reward/risk ratio could be approximately 2:1. When choosing a further target — around 3:1.

Long positions will remain relevant as long as the market remains above the nearest support level with boundaries of 1.3897 — 1.3939. If the market successfully establishes itself below this support, the trend will change to the opposite (bearish).

Australian Dollar (AUDUSD)

The bearish trend continues, an impulse wave is developing. Sell entry points on a rebound on the daily timeframe may appear after a correction forms. The last broken level is support (0.6987 — 0.7012). The breakout occurred 4 candlesticks ago.

An intermediate target for the downward movement is the support level with boundaries of 0.6858 — 0.6890. If the trend develops successfully, a further target will be at the support level with boundaries of 0.6665 — 0.6679.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be less than 0.1:1. When using a further target — also around 1.1:1. If the next correction ends near the resistance level (0.7018 — 0.7041), the potential reward/risk ratio could be approximately 2:1. When choosing a further target — over 5:1. If the correction ends near the last broken level (0.6987 — 0.7012), the potential reward/risk ratio could be around 1.1:1.

Short positions will remain relevant as long as the market remains below the nearest daily timeframe resistance level with boundaries of 0.7018 — 0.7041. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

New Zealand Dollar (NZDUSD)

The bearish trend continues, an impulse wave is developing. A sell entry point on a rebound may form after a correction forms. The last broken level is support (0.5768 — 0.5788). The breakout occurred 8 candlesticks ago.

An intermediate target for the downward movement is the support level with boundaries of 0.5578 — 0.5580.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.2:1). If the next correction ends near the resistance level (0.5836 — 0.5864), the potential reward/risk ratio could be over 4:1. If the correction ends near the last broken level (0.5768 — 0.5788), the potential reward/risk ratio could be approximately 1.4:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 0.5836 — 0.5864. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

Bitcoin (BTC)

The trend changed to bearish 4 candlesticks ago when the support level (62201 — 62896) was broken. An impulse wave is developing. A sell entry point on a rebound may form after a correction forms.

No active targets for the downward movement have been found on the current timeframe.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 64242 — 65544. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

Apple Inc (AAPL)

The bearish trend continues, an impulse wave is developing. A sell entry point on a rebound may form after a correction forms. The last broken level is support (305.02 — 306.31). The breakout occurred 14 candlesticks ago.

An intermediate target for the downward movement is the support level with boundaries of 274.86 — 276.83.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.2:1). If the next correction ends near the resistance level (300.85 — 302.42), the potential reward/risk ratio could be approximately 2:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 300.85 — 302.42. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

NVIDIA Corp (NVDA)

The bearish trend continues, an impulse wave is developing. The last broken level is support (203.08 — 204.65). The breakout occurred 4 candlesticks ago. A sell entry point on a rebound may appear after a correction forms.

An intermediate target for the downward movement is the support level with boundaries of 180.30 — 181.84. If the market successfully establishes itself below this level, a further target will be at the support level with boundaries of 164.27 — 165.17.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.4:1). When using a further target — also around 1:1. If the next correction ends near the resistance level (211.44 — 213.99), the potential reward/risk ratio could be over 3:1. When choosing a further target — over 5:1. If the correction ends near the last broken level (203.08 — 204.65), the potential reward/risk ratio could be approximately 1.3:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 211.44 — 213.99. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

Tesla Inc (TSLA)

The bearish trend continues, an impulse wave is developing. A sell entry point on a rebound may form after a correction forms. The last broken level is support (384.70 — 394.85). The breakout occurred 4 candlesticks ago.

If the downward movement resumes, the first target will be the support level with boundaries of 364.02 — 372.09. If the trend develops successfully, a further target will be at the support level with boundaries of 337.25 — 343.15.

The potential reward/risk ratio from current prices when setting targets and defining risk according to daily timeframe levels could be small (around 0.1:1). When using a further target — also small (approximately 0.7:1). If the next correction ends near the resistance level (405.05 — 414.75), the potential reward/risk ratio could be over 1:1. For a further target — over 2:1. If the correction ends near the last broken level (384.70 — 394.85), the potential reward/risk ratio could be small (around 0.4:1). When assessing a further target — also around 1.1:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 405.05 — 414.75. If the market successfully establishes itself above this nearest resistance, the trend will change to the opposite (bullish).

Summary

From a medium-term trading perspective, financial instruments with a correction close to completion on the Daily timeframe and/or a potentially most promising reward/risk ratio include: AAPL. The following may soon warrant attention, depending on the depth of the market correction: TSLA, BTC, AUDUSD, USDCAD, USDCHF, EURUSD.

The remaining financial instruments on the watchlist may also be of interest, but conditions for a rebound on the daily timeframe in these markets are unlikely to appear for at least another week.