Apr. 21: American session
Tatiana Norkina, analyst at FBS
The U.S. dollar index has begun to recover in the U.S. session again and is already in the green zone +0.06%. Major U.S. stock indexes are also growing, adding 0.18% each.
Currency markets are witnessing consolidation at key levels. Thus, the EUR/USD pair has dropped from today's highs in the 1.3830 area to strong 1.3810 support. This level has been held since April 14. The GBP/USD pair is back to the 1.6800 figure and, so far, has found support in the form of a horizontal Kijun Sen line on the hourly chart.
Interesting situation is observed for the USD/CHF pair: bulls haven't managed to break the 0.8835 resistance for three days in a row but the probability of further growth is still high. The USD/JPY currency pair is consolidating in the 102.60 area but the upward trend persists.