USDJPY & USDCHF lower in early trading to start the new week. What next technically?
globalreutersAugust 26, 20241 Mins read The USD is continuing its run to the downside today with the USDJPY and the USDCHF making some of the biggest moves.Last week, Fed Chair Powell paved the way for a cut at the September meeting. Today lower US yields are also helping the dollars move lower.
In this video, I take a look at the technicals that are driving these pairs lower and what is next technically for each.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below...
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The...
US leading Index for October -0.4% vs -0.3% estimate
Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...
US existing home sales for October 3.96M versus 3.93M
Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...
Leave a comment