The USD has posted a number of bullish trend reversals against the G10 currencies and will likely continue its path upwards in the medium-term, according to George Davis at RBC Capital Markets.
A bearish “reversal week” has been followed by a move below significant support, completing a top and putting GBPUSD firmly on a bearish footing, according to David Sneddon and James Gilbert at Credit Suisse in London.
USDRUB is threatening to break above its 15 month range, according to David Sneddon and James Gilbert at Credit Suisse in London.
George Davis at RBC Capital Markets says the outlook for the US dollar is mixed, with bottoming patterns favouring some additional strength against EUR, JPY and CHF, while looking increasingly weak against AUD, CAD and GBP.
If GBPUSD can get past major resistance at around the 1.43 level, there is little to stop it reaching 1.50, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin could fall to 3000 if the 7224 level is broken, according to Ron William of RW Advisory.
USDJPY’s downward trend looks set to continue, says David Linton, Chief Executive at Updata.
EURUSD may have halted its long-term decline and be on the brink of a significant bullish reversal, according to Peter Lee, Chief Technical Strategist at UBS in New York.
USDCAD has established a medium-term base, according to David Sneddon and his team at Credit Suisse in London.
EURUSD has fallen below key support levels and is threatening to form an important top below 1.2205, says David Sneddon and his team at Credit Suisse in London.