U.S. Dollar rebound stalled at key resistance near 104.00 on the DXY, rejecting further upside momentum. With failed breakout attempts and weakening technical signals, watch for potential consolidation or downside pressure if support near 102.50 breaks. Key USD pairs reflect mixed sentiment amid evolving Fed and ECB outlooks.
US Dollar rebound hits strong resistance near 105.00, with price failing at the 61.8% Fibonacci retracement and the 50-day SMA. Technical patterns point to bearish pressure building as lower highs and momentum divergence suggest further downside risk. Key support to watch: 103.50 and 102.60. Unless DXY closes above 105.30, cautious outlook prevails. #Forex #USD #TechnicalAnalysis
The US Dollar’s recent rebound stalled at a key resistance level near 103.50, with technical indicators signaling fading momentum. As the Federal Reserve remains data-dependent, upcoming economic reports and policy commentary will be crucial in determining whether the dollar strengthens or faces further downside pressure. Traders should monitor support around 102.00 and potential shifts in major USD pairs closely.
US Dollar rebound fueled by strong labor data and rising Treasury yields stalled at key technical resistance around 103.00 on the DXY. Momentum shows caution as RSI nears overbought and MACD histogram fades. Watch 100.80 support and 103.10 resistance for next directional cues. #USD #ForexAnalysis
US Dollar faces resistance near 103.57, stalling recent bullish momentum. The path ahead hinges on Fed signals and key economic data—especially upcoming CPI, Treasury yields, and FOMC minutes. Watch whether USD breaks above resistance or heads into a deeper pullback.
The U.S. dollar’s recent rally hits a key resistance near 103.00 on the Dollar Index, stalling further gains as technical indicators signal waning momentum. Traders await upcoming economic data and Fed signals, anticipating heightened volatility and a possible reversal or consolidation ahead.
USDCAD Elliott Wave analysis suggests the pair is in a bearish corrective phase, with a five-wave impulsive decline underway. Key resistance near 1.3800 and support around 1.3100 highlight potential reversal zones. Continued macro shifts—Fed’s slowing hikes and BoC’s dovish tone—may drive USD weakness, reinforcing downside risks before a possible recovery. Traders should watch for confirmation of wave counts to guide entries.
In-depth Elliott Wave analysis of USD/CAD points to a completed A-B-C correction and signals a bearish reversal underway. After a multi-year rally capped near 1.4668, price action shows signs of trend exhaustion, suggesting medium to long-term downside risk. Based on EWM Interactive’s August 11, 2023 study.
Elliott Wave analysis of USD/CAD signals a potential trend reversal after completing a corrective A-B-C zigzag. If wave C is done, a new upward impulse may begin, possibly pushing prices beyond the 1.3975 high. Combined with macro factors like interest rate spreads, this sets the stage for a bullish outlook in North America’s key FX pair. Full update by EWM Interactive.
USD/CAD remains range-bound above 1.36, facing resistance near 1.38–1.39 with key support at 1.36 and 1.34 levels. Weekly indicators signal waning bullish momentum, suggesting cautious trading as the pair awaits a decisive breakout or breakdown. Technical and macro factors will guide next moves. Analysis by ActionForex.com.
