The US dollar had a mixed performance, as it functioned as a counter currency in recent sessions.
EURNZD could be in for a huge reversal, as price formed a head and shoulders pattern on its 1-hour time frame.
The US dollar barely reacted to the release of the FOMC meeting minutes, as the report didn’t contain anything new from the actual interest rate statement.
GBPUSD has been forming higher lows and finding resistance at the 2.1200 to 2.1300 levels, creating an ascending triangle pattern on its 1-hour chart.
The US dollar regained a lot of ground to its forex counterparts, thanks to dovish remarks from European central bank officials.
GBPJPY seems to be having trouble extending its climb past the 188.00 major psychological resistance level, opening up the possibility of a large correction to the areas of interest.
The US dollar regained some ground against its forex counterparts yesterday, as traders booked profits off key levels ahead of the FOMC minutes release tomorrow.
GBPUSD has been on a strong uptrend, as the pair has been trading above a rising trend line forming on its 4-hour forex chart.
The US dollar had a volatile run on Friday, as it gained some ground against its forex counterparts only to give most of it back by the end of the day.
EURJPY is moving inside an ascending channel on its 1-hour chart, indicating that a short-term uptrend is taking place.