The Dollar slid against its major currency counterparts following a rally in global equity markets. The rally prompted investors to turn to higher yielding riskier assets and away from the USD. With recent market optimism, traders may continue to see a small downward trend in the U.S. Dollar as its positions are unwound in exchange for higher yielding assets.

Forex Market Trends

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

Daily Trend
down
down
down
down
down
up

Weekly Trend
up
up
down
down
up
down

Resistance
1.2293
1.4822
92.31
1.1481
0.8642
0.8364

1.2272
1.4801
92.13
1.1462
0.8620
0.8345

1.2241
1.4773
91.81
1.1430
0.8593
0.8312

Support
1.2181
1.4711
91.21
1.1368
0.8535
0.8253

1.2153
1.4680
90.92
1.1337
0.8504
0.8221

1.2131
1.4661
90.70
1.1318
0.8482
0.8200