EUR/USD is inside another consolidation pattern on its 1-hour time frame and, based on previous price action, this could mean another upside break.
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The US dollar lost a lot of ground thanks to the weaker than expected NFP reading of 148K for September.
AUD/CAD’s rallies seem to be exhausted already as the pair is in the process of testing the resistance at parity. This is in line with a former support level, which has held last year.
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The US dollar was stuck in consolidation against most of its counterparts but managed to end higher against the pound and the yen.
NZD/USD seems to need more buying power before sustaining its recent rallies, and a quick retracement might be in the cards.
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The US dollar was a sore loser on Friday as it continued to sell off against its major counterparts.
EUR/USD has been on a tear after breaking past the 1.3600 major psychological level but it seems that a pullback could happen before the pair rallies any higher.
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The dollar gained a bit on the news that the Senate and Congress were able to pass the bill on extending the debt ceiling deadline but lost ground later on when risk appetite took over the markets.
NZD/USD staged a very strong rally yesterday on the heels of the approval of the debt ceiling deadline extension and the end of the U.S. government shutdown.
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The US dollar regained ground against the major currencies as U.S. lawmakers passed a bill to raise the country’s debt ceiling and avoid defaulting on its loans.