The nearest resistance level for U.S. Dollar Index is located in the 105.65 – 105.90 range. In case U.S. Dollar Index settles above 105.90, it will head towards the next resistance at 106.90 – 107.20.
EUR/USD 091123 4h ChartEUR/USD is flat as traders wait for additional catalysts. The rebound in Treasury yields did not put any pressure on EUR/USD.
If EUR/USD stays above the 1.0700 level, it will head towards the next resistance, which is located at 1.0765 – 1.0790.
GBP/USD 091123 4h ChartGBP/USD is swinging between gains and losses in choppy trading. There are no important economic reports scheduled to be released in the UK today, so traders will stay focused on general market sentiment.
If GBP/USD moves above the 1.2300 level, it will head towards the resistance at 1.2370. On the support side, a move below 1.2250 will open the way to the test of the support at 1.2180 – 1.2200.
USD/CAD 091123 4h ChartUSD/CAD pulls back as oil markets rebound from recent lows. Other commodity-related currencies are also moving higher in today’s trading session.
In case USD/CAD settles below the 1.3750 level, it will gain additional downside momentum and move towards the support at 1.3675 – 1.3700.
USD/JPY 091123 4h ChartUSD/JPY climbed above the 151.00 level and is trying to gain additional upside momentum.
There are no signs of interventions from the BoJ, although traders remain worried about potential moves from Japan’s central bank.