Earlier today, the USD was down against major currencies but has since reversed, now higher versus the EUR, GBP, CAD, AUD, and NZD. It remains lower compared to the JPY and CHF but has improved from earlier lows.<\/p>\n
For EURUSD, it is testing support between 1.1752 and 1.1769. A move below these levels shifts focus to the rising 100-hour moving average at 1.17216, crucial for sellers to gain control.<\/p>\n
The GBPUSD fell below the 100-hour moving average at 1.37157. Continuing below might turn attention to levels between 1.3673 and 1.3683, with further drops targeting highs from June and the 38.2% retracement.<\/p>\n
USDJPY has improved from earlier declines and tests a prior floor between 143.646 and 143.74. A rise above this could shift focus to the 100-hour moving average at 144.364, with earlier lows at 142.78 providing temporary support.<\/p>\n
The USDCHF reached lows not seen since 2011 but bounced after testing a trend line. The price has moved back near yesterday’s close around 0.7930, with potential resistance at 0.7957 and the 100-hour moving average at 0.79829.<\/p>\n
We\u2019ve seen the dollar regain some of its footing after a softer start earlier in the session, reversing losses and pressing higher across most of its key pairs. That said, it\u2019s still weaker against the yen and the Swiss franc, although even those two have seen partial retreats from earlier momentum. This back-and-forth points to sentiment being unsettled rather than sharply directional.<\/p>\n
Looking at EURUSD, the pair now trades just above a thin band of support stretching across 1.1752 to 1.1769. These levels have already drawn reactions, and slipping beneath them would place further attention on the 100-hour moving average lying around 1.1722. That area has capped downside moves during the week so far. If it’s breached on a close, we’d view that as a clearer shift in risk bias towards sellers, at least in the near term. Post-European hours may lack volume, but the level holds significance, nonetheless.<\/p>\n
In sterling, the pattern\u2019s more straightforward. The move below the 100-hour mark at 1.37157 was a clean technical break and we\u2019ve seen that reflected in price movement. Should this downward pressure continue, we are watching the 1.3673\u20131.3683 range, a zone that previously acted as a pivot for buyers. Below there, prior highs from June and the 38.2% retracement become natural reference points. If we continue to see strong US data or weaker domestic numbers, momentum may build without needing much external drive.<\/p>\n
With yen pairs, the shift today has been more gradual. USDJPY recovered from earlier losses and now nudges against a prior floor between 143.646 and 143.74. That region served as a base on several occasions, and current strength signals that buyers may at least be probing for a renewed push. A sustained move through that zone would open up the 100-hour average at 144.364, which hasn\u2019t been convincingly threatened this week. Support meanwhile, if momentum stalls, is found lower down at 142.78 \u2014 that\u2019s where we saw price briefly consolidate during the last rundowns. <\/p>\n
For the franc, despite printing levels last seen more than a decade ago, USDCHF found a bounce at a rising trend line drawn off the last larger swing low. This rebound pulled it back toward yesterday\u2019s close near 0.7930. Immediate challenges lie ahead at 0.7957 and especially at the 100-hour moving average around 0.7983, which could act as a cap if risk fades. That said, buyers would be encouraged by any sustained trade closer to or above that line, if only to pressure the downward momentum that\u2019s defined the past sessions.<\/p>\n
From our side, when we weigh up the way these pairs are behaving around known technical levels, it’s clear there’s not yet a prevailing dollar trend across the board. Technicals are doing most of the talking today, and for traders who rely on patterns or indicators, it\u2019s a case of reacting firmly to breakouts or failed tests. We\u2019re leaning into trade setups that acknowledge these nearby pivots and are watching for clearer directional conviction\u2014especially in pairs that are brushing up against these unresolved zones.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" USD rebounds against most majors; EURUSD, GBPUSD test key supports; USDJPY, USDCHF eye resistance levels.<\/p>\n","protected":false},"author":62,"featured_media":16959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-25652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/25652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=25652"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/25652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16959"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=25652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=25652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=25652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}