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USD On Its Way Back Down Lows for the Year |
by S. Wade Hansen
The U.S. dollar (USD) has dropped back down below the key support level of 76.0 on the U.S. Dollar Index---which, in my opinion, means it is on the fast track back down to 75.0. Now, that may not seem like a significant drop, but if the USD drops back to the lows we saw a month ago, it means we will most likely see the following: - The EUR/USD back up to 1.5000 - The USD/CHF back down to parity - The USD/CAD back down to 1.0300 - And so on Looking at the chart below, the only currency that has suffered more than the USD during the past week has been the Japanese yen (JPY).  .
Check out the currency pair analysis videos below to see how your favorite pairs are doing.  | | | European Currencies
(EUR, GBP and CHF)
 | | Japanese-Yen-Based Pairs
(JPY vs. USD, GBP, EUR)
 | | Commodity Currencies
(CAD, AUD and NZD)
 | | Intermarket Analysis
(USDX, Oil, Gold, VIX, Etc.)
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