Despite the fact that the bulls have a lot of reasons to complain from the beginning of this month, the U.S. dollar has finally reached the place where their bad streak can be reversed. Which technical factors can support them in the fight for higher values of the greenback in the coming days?

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During the last week, currency bulls not only managed to break through the neck line of a pro-growth formation, but also climbed above a short-term resistance line based on previous peaks. This encouraging rally was, however, interrupted by combinations of factors that could stop them for longer. Will it be so? Or maybe the last pullback is just gathering forces before the next move to the north?

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On Friday, currency bulls showed that they still have the strength to fight for higher levels, which approached USD/JPY to the resistance area created by the July peaks. Are they strong enough to push the exchange rate higher once again?

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Thursday’ session took USD/CHF not only below the Fibonacci retracement, but also under the support area, which stopped the sellers several times during the last month. Bears were waiting for such occasion and greedily started collecting points for themselves, pushing the exchange lower. What will it lead to?

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Earlier today, the euro moved sharply higher against the greenback, which resulted in a breakout above recent highs and the resistance line. But how much resistances are there still in the game and what can they lead to in the coming days?

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