USDCHF has broken above the resistance at the .9550 minor psychological level and looks prime for a pullback to the Fibonacci levels marked on the 1-hour time frame.
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The US dollar was on a roll once more, as the currency continued to advance against most of its forex counterparts.
NZDUSD could be in for a correction after breaking below the support zone at the .7800 major psychological level.
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The US dollar continued its ascent until the very end of the week, particularly against the euro and the yen.
EURUSD seems to be gearing up to make new lows, as price is testing the previous ones near the 1.2500 major psychological level.
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The US dollar gave back some of its recent gains even though the US GDP reading was stronger than expected.
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more.
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The US dollar made strong rallies after the FOMC statement, as the committee sounded more hawkish compared to their previous month’s announcement.
CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range.
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The US dollar gave up ground to most of its major counterparts, with the exception of the Japanese yen, in yesterday’s trading sessions.