The US Dollar and commodity FX have been on a backfoot as JPY, EUR, & EMFX have forged forward. Here’s what may happen next.
Silver is trading between support and resistance, without levels to lean on; gold is at resistance, USD has room to go before arriving at support.
The New Zealand Dollar is attempting to resume the two-month down trend against its US counterpart following a corrective recovery.
The Euro turned lower against the British Pound as expected after prices put in a bearish Dark Cloud Cover candlestick pattern having hit a two-month high.
The Euro has recovered to the highest level in almost two months against the US Dollar, with prices testing trend-defining chart resistance above 1.08.