USD
Traders are now back from the shortened trading week last week, which suggests we could see more action on the charts for the coming days.
USD/JPY sold off for the past couple of weeks and is now testing the former resistance at the 94.00 major psychological level.
USD
Most banks are on a holiday today, paving the way for quiet trading conditions.
The pair is once more testing the 1.5200 major psychological resistance for today.
USD
Markets could be in for a quiet trading day today as there are no top-tier releases from the major economies that could have a significant impact on risk sentiment or a lasting effect on dollar pairs’ movements.
USD/CAD is currently consolidating above the 1.0150 minor psychological support level as traders await the release of the monthly GDP reading for January.
USD: Neutral
There are a few major reports due from the U.S. today and these might have an impact on dollar pairs’ price action since there are no other top-tier economic events scheduled.
GBP/USD’s recent rallies might be cut short this week as the pair is currently testing the former support zone around 1.5200 to 1.5250.
USD: Bullish
Lower-yielding currencies such as the U.S. dollar could gain support this week as pairs are trading cautiously, awaiting more updates from Cyprus’ bailout situation.
There’s a falling trend line connecting the highs on EUR/USD’s 1-hour time frame and a test might be in the works for today.