Forecasts & Analysis | Currencies
U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 90.700, Weakens Under 90.470
The direction of the September U.S. Dollar Index on Wednesday is likely to be determined by trader reaction to the short-term 50% level at 90.480.
AUD/USD Forex Technical Analysis – Trader Reaction to .7712 to .7669 Retracement Zone Sets the Tone
The direction of the AUD/USD is likely to be determined by trader reaction to .7712 and .7669.
USD/JPY Forex Technical Analysis – Hawkish Fed Could Trigger Breakout Over 110.329 into 110.966
The direction of the USD/JPY is likely to be determined by trader reaction to 110.168 and 109.988.
NZD/USD Forex Technical Analysis – Strengthens Over .7130, Weakens Under .7085
The direction of the NZD/USD on Wednesday is likely to be determined by trader reaction to the short-term 50% level at .7130.
June 16th 2021: Dollar Index Moderately off Tops Ahead of Fed Meet
Should support at 1.4078 break on the GBP/USD H1 chart, Quasimodo support at 1.4026 and the key figure 1.40 are in view—joins closely with daily support at 1.4003.
USD/INR: Rupee Extends Losses for Sixth Straight Session, Hits One-Month Low
The Indian rupee fell to a one-month low against the U.S. dollar on Tuesday, depreciating for the sixth straight day as rising oil prices weighed on the currency despite strength in domestic equity markets.
USD/JPY Price Forecast – US Dollar Quiet Waiting on Fed
The US dollar has gone back and forth against the Japanese yen during the trading session on Tuesday as we wait to see whether or not the Federal Reserve is going to do anything at the end of their meeting on Wednesday.