USD
The dollar bounced back to action against some of its counterparts on Friday, as traders booked profits off their short trades ahead of the weekend.
EUR/USD is still in a strong uptrend on its 1-hour time frame, as seen from the rising trend line that connects the price’s lows. It appears that another test of the trend line could take place within the day, as the pair has retreated upon reaching resistance at 1.3400.
USD
The U.S. dollar weakened against most of its counterparts in yesterday’s trading, as risk appetite continued to stay in the markets.
USD/JPY just broke below a key support level, as dollar weakness continued to dominate price action in yesterday’s trading. After that strong drop though, USD/JPY might retrace for a bit before heading any lower.
USD
The US dollar lost ground to some of its counterparts in yesterday’s trading as risk sentiment seemed to improve and favor the higher-yielding currencies.
The Reserve Bank of Australia cut interest rates by 0.25% during their monetary policy statement today and, judging from AUD/USD’s reaction, this was expected by most market participants.
USD
The US dollar continued its rallying ways across the charts, pushing USD/JPY above the 99.00 mark and EUR/USD down to the 1.3200 area. Data from the US has been upbeat, with both initial jobless claims and ISM manufacturing PMI coming in better than expected.
Dollar strength is still persistent, as USD/CHF already broke above the falling trend line on its 1-hour time frame.
USD
The dollar had a topsy-turvy day, as the GDP report from the US came in stronger at 1.7% instead of the estimate at 1.1%.
AUD/USD has finally broken below its recent range, with resistance at .9300 and support at .9050. The pair has dipped below the .900 handle but it could still make a retest of the former support before heading any lower.