The US dollar spent a bit of time going back and forth for the week, as we are seeing a trendline offering a significant amount of support. The pair had recently started to go sideways, so it will be interesting to see whether the market can turn things around.
The Aussie dollar has rallied and fallen for the week, essentially showing a bit of hesitation. The market is currently threatening the massive major resistance barrier, in the form of the 0.6850 region. This is a market that has been very strong, and then suddenly stopped, which is a scenario
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The US dollar continues to see a lot of noisy behavior but is also trying to sort out if the Japanese yen is done acting like a wrecking ball against almost everything else.
The Aussie dollar rallied in the early hours of Friday but continues to see a lot of overhead resistance. This is a pair that has a lot of external factors, but at this point in time, the biggest factor that I see on the chart is just above the 0.68
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-- Most Asian currencies kept to a tight range on Friday as the dollar held recent gains in anticipation of key inflation data that is likely to factor into the...
-- Most Asian currencies kept to a tight range on Friday as the dollar held recent gains in anticipation of key inflation data that is likely to factor into the outlook for interest rates.