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
USD/CAD, USD/JPY Seen as Most Resilient USD-Pairs

USD/CAD, USD/JPY Seen as Most Resilient USD-Pairs

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD, GBPUSD maintain uptrends after tests of supports.

- USDCAD, USDJPY maintain breakout levels after retests.

- See the May forex seasonality report.

The US Dollar is faring better against some currencies (AUD, CAD, JPY) rather than others, which have proven to be more resilient (EUR, GBP). Nevertheless, the bottoming potential in the USDOLLAR Index persists, pulling into focus today's US inflation data as a potentially important catalyst.

See the above video for technical considerations in EURUSD, GBPUSD, USDJPY, USDCAD, and the USDOLLAR Index.

Read more: USD Selloff Post-FOMC Minutes May Not Last Long

--- Written by Christopher Vecchio, Currency Strategist

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

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES