USD/PHP: Current market price is 56.61, reflecting a change of 0% from the previous close. High impact economic events, particularly the upcoming ISM Manufacturing PMI, may affect price dynamics.

Support and Resistance Levels Support levels are at 56.428, 56.432, and 56.55. Resistance levels are positioned at 56.71, 56.704, and 56.63, with a pivot point of 56.61.

Indicators The RSI is steady at 47.55, indicating bearish momentum. The ADX stands at 21.13, suggesting a weak trend. The Parabolic SAR is at 56.61, signaling potential trend reversal, while the 50-day SMA and 200-day EMA confirm upward pricing pressure.

Market Sentiment With the market price at the pivot point of 56.61 and indicators leaning towards a bullish scenario, a potential upward movement is supported.