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FX Board: USD bears keep upper hand

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key FX Developments today The market has shrugged off mild attempts at a USD rally after last Friday's US jobs numbers, with USDJPY looking heavy, GBPUSD storming back from Friday's weakness, and EURUSD back above 1.1400 after a polite test of the local support zone again. Whether key USD range supports hold or break, especially for EURUSD and USDJPY, is the focus for the week, while the commodity currencies face a key test around momentum divergence setups and the RBA cash rate announcement

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