EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on.
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The US dollar continued to stay supported against most of its major counterparts, although some of its gains were limited in recent trading.
AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame.
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The US dollar was able to end the year strong when risk aversion and falling commodity prices weighed on higher-yielding currencies.
GBPJPY has formed a double top pattern on its 4-hour forex chart, indicating that a potential selloff is in the cards.
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The US dollar returned some of its recent post-FOMC gains to its forex counterparts, as data from the economy came in mixed.
USDCAD has been on a short-term uptrend, as shown by the ascending trend line connecting the pair’s recent lows.
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The US dollar got a strong boost from the FOMC statement yesterday, even as the Fed retained its “considerable time” phrase in talking about how long interest rates are likely to remain low.
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs.
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The US dollar lost ground to most of its FX trading counterparts once more, although it managed to hold steady against the commodity currencies.