"U.S. Dollar Strengthens: Expert Analysis of EUR/USD, GBP/USD, USD/CAD, and USD/JPY Trends"

U.S. Dollar Gains Ground Across Major Pairs

Source: FXEmpire

Current Trends

• EUR/USD: Struggling below the 1.0800 level due to rising Treasury yields.
• USD/CAD: Staying above 1.3800 despite a strong rally in commodities.
• USD/JPY: Climbing above the 151.00 mark, indicating strength in the U.S. dollar.

Market Influences

• U.S. Dollar Index (DXY) hitting new highs as traders react to increasing Treasury yields.
• 2-year Treasuries over 4.05% and 10-year Treasuries exceeding 4.20% influence currency strength.

Key Support and Resistance Levels

• EUR/USD: Must hold above 1.0765 to avoid further declines.
• GBP/USD: Below 1.2950 signals potential support at 1.2870 - 1.2880.
• USD/CAD: Resistance targeted at 1.3930 - 1.3950 if above current support levels.
• USD/JPY: A move above 151.00 could lead to tests of resistance from 153.00 - 153.50.