News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
US Dollar Rebound Not There Yet: AUD/USD, GBP/USD, USD/JPY Setups

US Dollar Rebound Not There Yet: AUD/USD, GBP/USD, USD/JPY Setups

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD and GBPUSD look weak despite yesterday's late rally.

- AUDUSD proving the strongest, weathering headwinds from China.

- Several important events on the US economic calendar today.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

The US Dollar has gained little traction in the wake of the FOMC's taper decision last week, and as a result it has experienced choppy trade versus the components of the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR).

While the EURUSD and GBPUSD remain at or below their post-FOMC lows, and the USDJPY remains near its post-FOMC highs, the AUDUSD has broken free of risk trends and continues to rise despite perceived headwinds. Short-term consolidations in these four pairs offer identifiable and actionable trading points over the next few days to reference.

Read more: Euro Short-term Breakdown Gathering Pace: EUR/USD, EUR/AUD

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES