Forecasts & Analysis | Currencies

The British pound rallied a bit during the week as we continue to test the 1.3750 level as support. There is a significant amount of support underneath as well.

The British pound broke down below the ¥150 level during the course of the week, but then turned around to form a bit of a hammer.

The Euro rallied significantly during the course of the trading to reach towards the 1.20 handle again.

The Australian dollar has exploded for the week, reaching to fill the previous, and now threatens the 0.78 handle.

The direction of the June U.S. Dollar Index on Friday is likely to be determined by trader reaction to 91.555.

The US dollar went back and forth during the course of the trading session on Friday as we continue to look for some type of stability.

The British pound initially fell rather hard during the trading session on Friday, and then turned around to form a somewhat positive candlestick.

The British pound has been back and forth during the trading session on Friday as we continue to see a lot of choppy behavior around the ¥150 level.

The Euro has rallied again during the course of the trading session on Friday, with the 1.20 level being significant resistance again.

The Australian dollar has been back and forth during the course of the trading session on Friday, as we continue to stare down the 0.78 handle.