Feb. 27: American session
Tatiana Norkina, an analyst at FBS
The U.S. dollar index falls after the release of statistics on basic orders for durable goods. There has been an increase to 1.1 % in monthly terms against the expectations of analysts, who predicted decline to -0.3 %. Note that according to revised data the previous reading was -1.9 %. Right after a data had released, index went into the red zone and loses about 0.2% for now. American stock indexes also show a decline. Against this background, the pair EUR/USD rebounded to 1.3687, returning to the level of today's opening, but the bulls look quite weak. However, today's bear goal 1.3645 has been already tested, so the consolidation will be available at current levels before the end of the session, unless Ms. Yellen does not say anything extraordinary in her speech. GBP/USD pair still does not want to break through 1.6630 support - the current level of the newly restored course and resists the American session to around 1.6675. But bears are not inferior, pressure increases again, trades stay in the field of 1.6655.
USD/CHF has fallen to support 0.8890 and USD/JPY pair dropped to a mark of 101.90, after today's corrective rally to the level of 102.15.
Currency pair USD/CAD rebounded from 1.1125 support on which consolidated all day today and is configured to update yesterday's highs. Trading is currently undergoing resistance at 1.1150.