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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • 🇯🇵 Household Spending YoY (JUN) Actual: -5.1% Expected: 0.1% Previous: 11.6%
  • The Japanese Yen could rise against the US Dollar and Australian Dollar as retail investors increase upside exposure in USD/JPY and AUD/JPY. What are key technical levels to watch? Get your market update from @ddubrovskyFX here:
  • Heads Up:🇯🇵 Household Spending YoY (JUN) due at 23:30 GMT (15min) Expected: 0.1% Previous: 11.6%
  • Heads Up:🇦🇺 RBA Gov Lowe Speech due at 23:00 GMT (15min)
  • US Dollar Outlook: NFP Report Set to Sway Fed Taper Timeline -via @DailyFX Link to Analysis - $USD $DXY #Forex
  • 🇦🇺 Ai Group Services Index (JUL) Actual: 51.7 Previous: 57.8
  • The US Dollar remains tilted lower against most ASEAN currencies with the exception of the Thai Baht. The Singapore Dollar, Philippine Peso and Indonesian Rupiah face their next tests. Get your market update from @ddubrovskyFX here:
  • Heads Up:🇦🇺 Ai Group Services Index (JUL) due at 22:30 GMT (15min) Previous: 57.8
  • Japanese #Yen Outlook: $USDJPY Rebound Eyes Resistance into #NFP -
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.33% 🇨🇦CAD: 0.32% 🇬🇧GBP: 0.30% 🇨🇭CHF: -0.00% 🇪🇺EUR: -0.04% 🇯🇵JPY: -0.28% View the performance of all markets via
Does USDollar Resistance Translate to EURUSD, USDJPY, USDCHF?

Does USDollar Resistance Translate to EURUSD, USDJPY, USDCHF?

John Kicklighter, Chief Strategist

Talking Points:

USDollar has traded in a narrowing range for the past six months, held back by 12-year highs

• Does a major technical boundary on an index translate to a curb on all of the currency's pairings?

• We look at EURUSD, GBPUSD, AUDUSD, USDCHF, USDJPY and NZDUSD with a mind to USDollar technicals

See the DailyFX Analysts' 4Q forecasts for the Dollar, Euro, Pound and Gold on the DailyFX Trading Guides page.

There is heavy resistance above for the US Dollar. From the Dow Jones FXCM Dollar Index, a prominent wedge and the 12-year highs set in March / April lay present a strong ceiling for the aggregate reading of the individual currency's value. Yet, how strong is that technical hurdle? Does the makeup of the currency index (the trade-weighted ICE Dollar Index versus equally-weighted USDollar Index) alter the influence of technical importance? Does the resistance we see on these derivatives translate to solid technicals on the individual pairings of the Dollar-based majors? In today's Strategy Video, we discuss whether technicals on currencies translate to technicals on currency pairs and how it can influence our trading.

Does USDollar Resistance Translate to EURUSD, USDJPY, USDCHF?

Sign up for John’s email distribution list, here.

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