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The US Dollar weakened the most against its major peers in over 14 months last week. Are key trend reversals playing out in USD/CAD, AUD/USD, EUR/USD and GBP/USD?

USD/MXN breaks several resistance levels as the USD rally extends further

Last week’s updated Federal Reserve dot plot, suggesting two US interest rate increases in 2023, could be a game-changer for EUR/USD. Strategically, a long-term trend lower may have now begun.

It was a brutal week for the British Pound against the US Dollar and Japanese Yen, but it remains to be seen whether this can lead into fresh long-term trends.

Although the Fed hawkish bias has caused some reflationary position unwinding and anxiety about the outlook for commodities, the fundamental picture for oil has not changed and remains bullish.

USD soars following hawkish Fed, rally looking overextended however.

A short-term ascending channel is under threat after Bitcoin’s first attempt to break through a stubborn resistance zone failed

Canadian Dollar is under siege after the FOMC fueled massive a USD/CAD reversal off key technical support. The technical levels that matter on the Loonie weekly chart.

The Australian Dollar sank against the US Dollar after the FOMC sent a hawkish policy signal. AUD/USD faces a new headwind in the form of a charged US Dollar.

Bitcoin trades between two major technical levels as price action threatens range-bound trading.