USD Pushes Through Resistance

by S. Wade Hansen

 

The U.S. dollar (USD) continued to rally up and through resistance at 76.0 and is now sitting in the middle of the trading range the U.S. Dollar Index was stuck in earlier in the month. Now, seeing as how the USD remained between 76.0 and 77.0 for a little more than a month, I think it will most likely stay in this range for a while again.

 

Looking at the chart below, you can see that the Japanese yen (JPY) and, oddly enough, the British pound (GBP) are the only two currencies that have been able to outperform the USD during the past week.

 

Relative Strength Among Currency Pairs

 

However, keep your eye on the USD/JPY because it looks like the USD is poised to regain control of that pair.

 

Check out the currency pair analysis videos below to see how your favorite pairs are doing. USD Breaks Down
 
European Currencies
(EUR, GBP and CHF)
European Currencies		   Japanese-Yen-Based Pairs
(JPY vs. USD, GBP, EUR)
Japanese Currency Pairs		   Commodity Currencies
(CAD, AUD and NZD)
Commodity Currencies		   Intermarket Analysis
(USDX, Oil, Gold, VIX, Etc.)
Intermarket Analysis		  
 
Review of Today’s Market Action


  
  Economic Calendar


 
 
 
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