Weekly Currency Review

US Dollar Index

Favored view we are close to a corrective low with key 78.6% support at 93.99…alternatively a move in a triangle pattern completes near 91.50…

USD/JPY Daily

Favoring one more thrust lower to at least 98.41; with the 95-level looming.

EUR/USD Daily

The recovery top may be in place; if so a sharp trend move lower should be underway targeting down below 1.0500 eventually.

GBP/USD Daily

Two plausible scenarios in play—1.2500 target bearish or 1.3500 target bullish…

USD/CAD Daily

A good risk/reward setup long it seems if our suspicion a key wave (corrective B) is complete.

AUD/USD Daily

The test of the major swing high at 0.7835 may be in place; if so a move back to new lows from here may just beginning underway.

Major Currency Pair vs. 2-year Yield Spread with United States

Major US Benchmark Yields: Working higher?




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