USD
Data was light in the US session but that didn’t stop the Greenback from cashing in on the weakness of most of its major currency counterparts, except for the British pound.
The euro might be under fresh selling pressure as an ECB official recently spoke of the possibility of negative deposit rates in the region.
USD
The US dollar experienced some volatility during Janet Yellen’s testimony in front of Congress in the latest US trading session.
AUD/USD made a strong break above a recent resistance level, thanks to reassuring comments from Fed Chairperson Janet Yellen. However, price seems to be stalling around the .9000 major psychological level and might need to make a pullback before resuming its rally.
USD
The US dollar continued to lose ground to most of its major counterparts, despite the lack of top-tier data released in the latest New York session.
NZD/USD recently broke below the ascending trend line on its 4-hour time frame and dipped below the .8100 mark. However, weak data from the US and improved risk sentiment have allowed the pair to pull back to the former support level.
USD
The US dollar closed Friday on a weak note because the US non-farm payrolls report printed weaker than expected results.
GBP/USD just broke below the long-term rising trend line on its 4-hour chart recently but appears ready to make a pullback before resuming its selloff.
USD
The US dollar was stuck in consolidation against most of its major currency counterparts, although US data came in weaker than expected yesterday.
USD/JPY might be in for a bit of consolidation in the trading hours leading up to the US non-farm payrolls release. Another weak figure is expected, as cold weather conditions could weigh on the employment change figure for January.