Earlier today, the Australian dollar extended gains against the greenback, which pushed AUD/USD above the upper border of the declining trend channel. Although this is a positive sign can we trust it?

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Although the U.S. dollar increased against its Canadian counterpart in recent days, USD/CAD reversed and pulled back earlier today after an increase to important resistance zone. Will this area withstand the buying pressure in the coming days?

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While we usually discuss individual currency pairs in our alerts, in today’s issue we would like to say more about the general direction of the USD Index – it provides the context for moves in the individual currency pairs and can thus help us to determine what’s likely to happen not only in the coming days, but also in the coming months.

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Yesterday, the U.S. dollar extended losses against the Swiss franc, which pushed USD/CHF to the lower border of the declining trend channel. How did this support affect today’s price action?

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Although the British pound increased against the greenback in the previous week, the exchange rate remains under the long-term resistances. Will they trigger another move to the downside in the coming days?

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