– Real trader volume spikes highlight important levels of support for US Dollar
– A recent Dollar breakdown against the Canadian Dollar is of special interest
– See more information on DailyFX on the Real Volume and Transactions indicators
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An important US Dollar pullback versus the Euro, Canadian Dollar, and New Zealand Dollar warns we may see continued USD weakness through upcoming trade.
EURUSD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The Euro has found important support just above the $1.05 mark, and a clear spike in volume in the $1.0525-1.0550 zone highlights a clear short-term price floor. Comparable resistance starts near the $1.08 mark, but ultimately we don’t see a more significant price ceiling until clear congestion in the $1.1300-$1.1400 area.
GBPUSD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The British Pound continues to trade near important lows with no clear levels of market interest acting as support. Price congestion and a volume spike near $1.5150 acts as near-term resistance.
USDJPY
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Traders have kept the US Dollar in a range versus the Japanese Yen, and major volume levels from ¥118-119.50 suggest price may continue to consolidate given significant market interest.
AUDUSD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
A noteworthy trader volume spike near recent AUDUSD lows at $0.7550 highlights short-term support on the suddenly-resurgent pair. Short-term resistance is significant in the $0.7900-0.8000 range.
GBPJPY
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The British Pound has traded below important congestion support near ¥177.50, and this price level now acts as resistance. Failure to close above this level keeps pressure to the downside.
EURJPY
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Limited EUR/JPY volume at current levels offers little meaningful support. A noteworthy spike in volume near ¥129 offers near-term resistance.
USDCHF
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The US Dollar trades almost exactly at important price support versus the Swiss Franc near SFr0.9600, and a break below would likely open up a larger decline.
USDCAD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The US Dollar has broken sharply below major support above C$1.2350, and the daily close below leaves our focus firmly to the downside. Support now turns to resistance, and only a break above negates our bias.
NZDUSD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The New Zealand Dollar has traded above important price resistance in the $0.7500-0.7550 range, and the next meaningful price ceiling begins near $0.7800.
AUDJPY
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Modest AUD/JPY volume at current levels suggests there is little in the way of a larger breakdown. Significant resistance is seen near the ¥95 mark.
EURAUD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The EUR/AUD has broken below important support near the A$1.3800 mark and sees little in the way of a larger breakdown. Previous support now acts as near-term resistance.
EURGBP
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The Euro/Sterling trades at potentially meaningful support as indicated by volume near 0.7250. A break lower shows little in the way of important price floors, while resistance extends through 0.7350.
EURCAD
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The EUR/CAD sees little in the way of meaningful support as it breaks to fresh lows. Near-term resistance is previous spike-lows near C$1.3300.
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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