DXY

Silver’s rally is starting to wobble, with wedge support under pressure and bullish momentum fading fast. Add in signs the U.S. dollar may have bottomed, and the risk of a bearish break is rising.

The US dollar rallied as geopolitical risks flared and traders priced in a less dovish Fed. Can AUD/USD and USD/CNH hold key support?

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

Traders ramped up bearish bets on the US dollar, pushing net-short exposure to record levels. Meanwhile, AUD saw renewed short interest, while CAD and EUR gained favour among large speculators.

The US dollar came under pressure on Thursday as weaker US data and growing Fed rate cut bets weighed on yields, lifting EUR/USD and other major pairs.

The US dollar remains under pressure, but extreme bearish sentiment, technical support, and fading downside momentum hint at a potential rebound.

US Dollar plunged into critical support at the yearly lows with the weekly range intact ahead of NFPs. Battle lines drawn on the DXY short-term technical charts.

The US Dollar is vulnerable as leading indicators point to near-expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 115-150K range.

US Dollar is trading just above critical support at the yearly low with the June opening-range now taking shape. Battle lines drawn on the USD weekly technical chart.

USD/JPY bounced from support as US dollar selling eased. Though with yen strength waning and the British pound outperforming the US dollar, GBP/JPY may be the better setup for bulls.

USD failed at the 2025 downtrend with a break of support risking further losses into the close of the month. Battle lines drawn on the DXY short-term technical charts.