Technical Market Outlook: Key Levels and Scenarios (Jun 1–7, 2026)

We are reviewing the most important levels for key financial instruments and likely scenarios for how events may develop.

Key Topics

• Euro (EURUSD)
• British pound (GBPUSD)
• Swiss franc (USDCHF)
• Japanese yen (USDJPY)
• Canadian dollar (USDCAD)
• Australian dollar (AUDUSD)
• Bitcoin (BTC)
• Ether (ETH)
• Apple Inc (AAPL)
• NVIDIA Corp (NVDA)
• Tesla Inc (TSLA)
• Summary

Euro (EURUSD)

The trend turned bullish when the resistance level (1.1628 — 1.1644) was broken last week. The correction likely ended 2 candlesticks ago, and an impulse wave is now developing. The interim target for the upward move is the resistance level at 1.1809.

If the trend develops successfully, the more distant target will be at the resistance level with boundaries of 1.1895 — 1.1929. From current prices, the profit/risk ratio is approximately 1.1:1.

When using the more distant target, it is above 1:1.

Long positions will remain relevant as long as the market stays above the nearest support level with boundaries of 1.1584 — 1.1624. If the market successfully establishes itself below this support, the trend will reverse to the opposite direction (bearish).

British pound (GBPUSD)

The trend turned bullish when the resistance level (1.3436 — 1.3465) was broken 5 candlesticks ago, and price returned to this most recently broken level. The correction likely ended 2 candlesticks ago, and an impulse wave is now developing.

The interim target for the upward move is the resistance level with boundaries of 1.3503 — 1.3514. If the trend develops successfully, the more distant target will be at the resistance level with boundaries of 1.3683 — 1.3712.

The potential profit/risk ratio from current prices, when setting targets and defining risk based on daily timeframe levels, may be small (around 0.2:1). When using the more distant target, it is around 1.1:1.

Long positions will remain relevant as long as the market stays above the nearest daily timeframe support level with boundaries of 1.3366 — 1.3427. If the market successfully establishes itself below this nearest support, the trend will reverse to the opposite direction (bearish).

Swiss franc (USDCHF)

The bullish trend remains intact, with a corrective wave developing. The rebound 4 candlesticks ago was not confirmed; price continued moving lower and is in the area of the nearest support. A buy entry point on a rebound may form after the current correction ends. The most recently broken level is resistance (0.7839 — 0.7848). The breakout occurred 11 candlesticks ago.

If the upward move resumes, the first target will be the resistance level with boundaries of 0.7871 — 0.7899. If the trend develops successfully, the more distant target will be at the resistance level with boundaries of 0.8010 — 0.8018.

If the current correction ends in the area of the support level (0.7806 — 0.7824), the potential profit/risk ratio may be around 1:1. When choosing the more distant target, it is around 3:1.

Long positions will remain relevant as long as the market stays above the nearest daily timeframe support level with boundaries of 0.7806 — 0.7824. If the market successfully establishes itself below this support, the trend will reverse to the opposite direction (bearish).

Japanese yen (USDJPY)

The bullish trend continues, with a corrective wave developing. A buy entry point on a rebound may form after the current correction ends. The most recently broken level is resistance (157.68 — 157.89). The breakout occurred 12 candlesticks ago.

If the upward move resumes, the first target will be the resistance level with boundaries of 160.20 — 160.72.

The potential profit/risk ratio from current prices, when setting targets and defining risk based on daily timeframe levels, may be small (around 0.7:1). If the correction ends in the area of the support level (158.57 — 158.88), the potential profit/risk ratio may be above 1:1.

Long positions will remain relevant as long as the market stays above the nearest daily timeframe support level with boundaries of 158.57 — 158.88. If the market successfully establishes itself below this support, the trend will reverse to the opposite direction (bearish).

Canadian dollar (USDCAD)

The bullish trend continues; the correction ended 9 candlesticks ago, and an impulse wave is developing. The most recently broken level is resistance (1.3700 — 1.3714). The breakout occurred 12 candlesticks ago.

The interim target for the upward move is the resistance level with boundaries of 1.3841 — 1.3869. If the trend develops successfully, the more distant target will be at the resistance level with boundaries of 1.3947 — 1.3949.

The potential profit/risk ratio from current prices, when setting targets and defining risk based on daily timeframe levels, may be small (around 0.1:1). When using the more distant target, it is also small (approximately 0.5:1).

Long positions will remain relevant as long as the market remains above the nearest support level with boundaries of 1.3548 — 1.3580. If the market successfully establishes itself below this nearest support, the trend will reverse to the opposite direction (bearish).

Australian dollar (AUDUSD)

The trend turned bullish when the resistance level (0.7174 — 0.7181) was broken on the most recent closed candlestick. An impulse wave is developing. New buy entry points on a rebound on the daily timeframe may appear after a correction forms.

The interim target for the upward move is the resistance level with boundaries of 0.7262 — 0.7271. If momentum persists, the market may continue moving toward this zone.

If a new correction ends in the area of the support level (0.7095 — 0.7137), the potential profit/risk ratio may be above 1:1.

Long positions will remain relevant as long as the market stays above the nearest daily timeframe support level with boundaries of 0.7095 — 0.7137. If the market successfully establishes itself below this nearest support, the trend will reverse to the opposite direction (bearish).

Bitcoin (BTC)

The market remains in a bearish trend, with a corrective wave developing. The most recently broken level is support (74255 — 75488). The breakout occurred 3 candlesticks ago. A sell entry point on a rebound may form after the current correction ends.

If the downward move resumes, the first target will be the support level with boundaries of 70541 — 70753. If the trend develops successfully, the more distant target will be at the support level with boundaries of 65725 — 66889.

The potential profit/risk ratio from current prices, when setting targets and defining risk based on daily timeframe levels, may be small (around 0.5:1). When using the more distant target, it is around 1.1:1. If the next correction ends in the area of the resistance level (77280 — 77991), the potential profit/risk ratio may be around 3:1. For the more distant target, it is around 5:1. If the correction ends in the area of the most recently broken level (74255 — 75488), the potential profit/risk ratio may be insignificant (around 0.8:1). When choosing the more distant target, it is above 1:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 77280 — 77991. If the market successfully establishes itself above this nearest resistance, the trend will reverse to the opposite direction (bullish).

Ether (ETH)

The market remains in a bearish trend, with a corrective wave developing again. A sell entry point on a rebound may form after the current correction ends. The most recently broken level is support (2266 — 2291). The breakout occurred 18 candlesticks ago.

If the downward move resumes, the first target will be the support level with boundaries of 1966 — 2008.

If the current correction ends in the area of the resistance level (2116 — 2146), the potential profit/risk ratio may be around 1.4:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 2116 — 2146. If the market successfully establishes itself above this nearest resistance, the trend will reverse to the opposite direction (bullish).

Apple Inc (AAPL)

The bullish trend continues, with an impulse wave developing. The most recently broken level is resistance (300.24 — 303.20). The breakout occurred 6 candlesticks ago. New buy entry points on a rebound on the daily timeframe may appear after a correction forms.

No relevant levels for determining movement targets on the current timeframe were found.

Long positions will remain relevant as long as the market stays above the nearest daily timeframe support level with boundaries of 294.91 — 296.97. If the market successfully establishes itself below this support, the trend will reverse to the opposite direction (bearish).

NVIDIA Corp (NVDA)

The most recently broken level is support (217.91 — 219.62). The breakout occurred 5 candlesticks ago. The market remains in a bearish trend, and the correction likely ended on the most recent closed candlestick.

An entry point may form after a correction forms. The interim target for the downward move is the support level with boundaries of 194.74 — 196.50.

If the trend develops successfully, the more distant target will be at the support level with boundaries of 180.30 — 181.84. If the next correction ends in the area of the resistance level (223.47 — 227.40), the potential profit/risk ratio may be above 2:1.

For the more distant target, it is above 4:1. If the correction ends in the area of the most recently broken level (217.91 — 219.62), the potential profit/risk ratio may be approximately 1.3:1.

When choosing the more distant target, it is approximately 2:1.

Short positions will remain relevant as long as the market remains below the nearest daily timeframe resistance level with boundaries of 223.47 — 227.40. If the market successfully establishes itself above this nearest resistance, the trend will reverse to the opposite direction (bullish).

Tesla Inc (TSLA)

The bearish trend continues, with a corrective wave developing. The most recently broken level is support (416.80 — 422.16). The breakout occurred 9 candlesticks ago.

If the downward move resumes, the interim target will be the support level with boundaries of 393.63 — 403.16. If the trend develops successfully, the more distant target will be at the support level with boundaries of 364.02 — 372.09.

If the developing corrective wave from the resistance level (442.89 — 445.60) is confirmed, the potential profit/risk ratio may be approximately 2:1. For the more distant target, it is around 4:1.

Short positions will remain relevant as long as the market remains below the nearest resistance level with boundaries of 442.89 — 445.60. If the market successfully establishes itself above this nearest resistance, the trend will reverse to the opposite direction (bullish).

Summary

From a medium-term trading perspective, the financial instruments with a correction close to completion on Daily and/or a potentially most attractive profit-to-risk ratio are: TSLA, USDCHF. The following may soon deserve attention depending on the depth of the market correction: ETH, USDJPY, EURUSD.

The remaining financial instruments on the trading list may also be of interest, but on these markets rebound signals on Daily are likely to appear no earlier than in a week.