Major dollar crosses look like they’re easing back ahead of significant tests major dollar resistances.
All this on the back of the notion that Fed governors are expressing increasingly hawkish views by the week.
Check out the following H4 charts of major FX pairs.
EURUSD, GBPUSD, and AUDUSD are each testing major supports (i.e. USD resistance), while USDJPY is treading water in the upper end of its current range.
Gold attempted to break higher but is now neither here nor there.
The charts in this post are of a selection of major FX pairs, in their respective chart timeframes.
The targeted support and resistance levels are in the latest colored boxes on the respective charts.
Price action would have to cross their respective colored zones to confirm any meaningful change or extension in trend.
As always, all prior support and resistance lines were still respected and will likely continue to be.
—
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.
