USDCAD has established a robust range between 1.3475 and 1.3275 over the past four weeks, similar to the congestion patterns of other Dollar-based majors
USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than later
With the market’s own Fed Fund futures holding level and the VIX already pushing 12-month lows, the risk is more acute for a bullish fundamental charge for the Greenback
Fed Chairman Powell’s remarks and the NFIB business sentiment survey sliding this past session wouldn’t urge the S&P 500 nor Dollar into a productive trend