My last report showed the dollar firming across the board on the back of positive US rates sentiment.
Most major crosses are now showing corrections on overly-cautious profit-taking, seeing how price action stopped short of their respective range targets (i.e. at the ends of their respective colored range boxes from my last article.)
While we wait for more substantial fundamentals to color our outlook, the following are H4 charts of a selection of major FX pairs.
The targeted support and resistance levels are in the latest colored boxes on the respective charts.
Each pair would have to cross their respective colored zones to confirm any meaningful change or extension in trend.
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All displayed chart support/resistance lines are either historical levels or actual confirmed order book levels currently being traded by major players based on available market intelligence.
Disclaimer: This content is for educational purposes only. It does not constitute trading or investment advice. Past performance does not indicate future results. Do not invest more than you can afford to lose.
