$USD – Fighting Back

This week saw some trend lines broken and forex charts turning in favour of USD. The biggest losers were the euro and pound giving up a few hundred pips each in the last two days. The two other safe haven currencies CHF and JPY hardly suffered while the two commodity currencies AUD and CAD are stubbornly defending one month old support lines. Support is support until it’s broken so this trader won’t be jumping on the USD bandwagon just yet.

Commodity prices are supporting AUD and CAD, and commodity prices are supported by a weak USD,  so what should we conclude? Maybe I should be charting commodities instead. $:))

Here are charts of the six main USD pairs with comments on the charts.


[right click on charts to open in new tab]




AUD/USD daily

USD/CAD daily



One thought on “$USD – Fighting Back

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s