The Currency Scene:
News, Events, and Stories about currency from around the world.

US Dollar, EUR/USD, GBP/USD, AUD/USD Talking Points:


The US Dollar[9] is continuing to dig into longer-term support; and at this point, prices in USD are riding along a trendline projection with a batch of confluent Fibonacci levels sitting just below.

This is the same trendline projection that had come into play around the September open, helping to arrest a six-month-sell-off in USD before a bounce showed up in October. That bounce was short-lived, however, and as election results got priced into FX markets, the US Dollar went right back into drop mode and has re-engaged with this bearish trendline.

Accordingly – a number of major pairs are at resistance to go along with this USD support test, including EUR/USD, GBP[10]/USD and AUD/USD[11], all testing big levels on their respective charts.

US Dollar Monthly Price Chart: Digging into Support

US Dollar Monthly Price Chart

Chart prepared by James Stanley[12]; USD, DXY on Tradingview[13]

EUR/USD Remains in Range – Can Buyers Push Through

Of USD major pairs that may be attractive for USD-strength, whether that’s a mild bounce or the start of a

Read more from our friends at Daily FX

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page