The U.S. dollar traded well against riskier currencies like the AUD and loonie in overnight trading, but at the same time, took some losses on currencies like the yen and euro. Investors are trying to digest the most recent Fed statement and how it reflects the current state of the global economic recovery. Traders can expect this trend to continue, as we are expecting little in the way of significant news events today.

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend
no
up
no
down
down
down

Weekly Trend
down
up
down
down
down
down

Resistance
1.2413
1.4548
90.40
1.2000
0.8716
0.8330

1.2383
1.4518
90.10
1.1070
0.8686
0.8300

1.2353
1.4988
89.80
1.1040
0.8656
0.8270

Support
1.2290
1.4925
89.14
1.0980
0.8593
0.8206

1.2260
1.4895
88.74
1.0950
0.8563
0.8276

1.2230
1.4865
88.44
1.0920
0.8533
0.8246