Earlier today, the USD Index extended rally and hit a four week high, climbing to 97.49. Although we saw a small pullback, it seems that higher values of the greenback are ahead us. What does it mean for USD/CHF? Will we finally see a successful breakout above the major resistance zone?

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Earlier today, USD/CAD extended gains as Friday’s Janet Yellen commentary (that the bank still expects to start raising interest rates later this year) continued to support the greenback. With this upward move, the exchange rate reached important resistance zone. Will it manage to stop currency bulls’ rally?

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The situation on the currency market was developing precisely in tune with our expectations recently, but we saw pauses in case of all exchange rates that we covered previously - what are the implications?

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The situation on the currency market is developing precisely in tune with our expectations and basically, there’s not much that we can add to markets’ performance - yesterday’s price action served as a big confirmation of our previous analysis. We encourage you to learn more about the details of our currently profitable trades.

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Earlier today, the U.S. Commerce Department reported that the number of building permits issued last month increased by 10.1%, beating analysts’ expectations for a 2.2% rise. On top of that, the report also showed that U.S. housing starts soared by 20.2% in the previous month, beating forecasts for an increase of 9.9%. Thanks to these bullish numbers EUR/USD broke below important support line. How low could the exchange rate go in the coming days?

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