US Dollar Presses Into Resistance on the Euro, Pound and Yen as USD/CNY Breaks Support

The US dollar is pressing into resistance against the euro, the pound and the yen. USD/CAD is still trending up toward a trend line I expect to act as resistance. The yuan is the outlier. USD/CNY has broken through support built from two older pivot lows, and I need a confirmed break of its downsloping trend line before I look for dollar strength there.

Every chart below puts the dollar first, USD to the other currency, so all five read the same way: up means a stronger dollar.

USD/EUR: Is the Upsloping Trend Line Holding?

The dollar keeps pushing up against the euro. After an early dip, price marched toward a key resistance pivot and is now building what could be an upward move followed by sideways consolidation. That is the shape I like to see for the bullish case.

The bearish case is easy to make too. Price has struggled to get past this area and is trading around an upsloping trend line. It broke above that line, yet it has come back to test it every single day for the last four or five trading days, always returning to the same home base.

The resistance comes in two steps. Should the dollar keep strengthening, or the euro keep falling, the first ceiling is the pivot sitting just overhead. That is the level that has to give way first. Only after a break through it does the next resistance come into play, in and around point ninety two fifty on this chart.

USD/GBP Resistance at the June 24, 2026 High

The pound chart looks a little different. The pair was trading in a wedge, kept coming back to it and finally broke below. After that break it found support in the seventy-three cent region, then bounced back up to the upper wedge line. The drawing needed adjusting, so I extended the lower trend line out. The downtrend line on top has consistently capped the dollar against the pound, and the dollar is weaker against the pound than it is against the euro.

Try this: take that top line off the chart and ask where it lands. It lines up almost perfectly with the seventy-six cent region, the pivot high from June 24, 2026, which is the highest point the pair has reached all year. Price has tested that area twice.

USD/GBP faces its key resistance at point seven six, the June 24, 2026 pivot high and the high of the year. A break above it puts the next pivots higher on the chart in play.

USD/JPY Inverse Head and Shoulders Builds Under the Prior Pivot

The dollar has made a strong, sustained move up against the yen. Japan's Ministry of Finance and the Bank of Japan bought yen twice in 2024, in an April to May round and a July round, as the dollar rallied toward ¥160. Since then the dollar has been bouncing back, and the chart now shows a couple of potential inverse head and shoulders patterns.

It does not matter much where you place the right shoulder. Either way, the measured move off a breakout is about 4% higher, which would carry the pair back through the prior pivot around 160. Here is how I size that: take the distance from the head up to the neckline and project it from the breakout point. Treat the result as a guide to where price could go, not where it has to go. Intervention risk stays part of the chart context near 160.

There is a caution built into this setup. Bullish patterns at the highs of a chart are less likely to play out than they would be near the lows. USD/JPY was trading around 157 to 158 in early to mid November 2026, close to those highs.

On a push up, the first test is that prior pivot high around 160, with more overhead supply above it.

USD/CAD Uptrend Heads Toward Its Own Trend Line

The dollar has been strong against the Canadian dollar lately. USD/CAD has been trending higher, trading in the 1.40 to 1.41 area in early to mid November 2026, and apart from a small spike the uptrend continues.

On the weekly chart, the pair has yet to break any major upsloping trend line that would worry me. The most important one runs from the lows several years back, and the additional trend lines above it are not clearly broken either.

Trend lines work as resistance as well as support. The ceiling I am watching here is a drawn line, the top of this upsloping trend line, rather than a single price. It has held as support plenty of times, so if USD/CAD keeps climbing to that line, I anticipate resistance there and a pullback before the pair goes higher.

USD/CNY Breaks Through Support From Two Older Pivot Lows

The yuan is the one currency gaining on the dollar. USD/CNY was trading around 6.66 to 6.67 in early November 2026, with the yuan stronger against the dollar over the past year.

The pair came down into big support built from two older pivot lows and went straight through it. Watch how it played off those lines: it sat on the first support line, dropped, bounced back above it, teetered on the second line, then fell significantly over the last few days without a bounce.

For a stronger dollar against the yuan, the level I need to see is a clear break of the downsloping trend line. Price did poke through it, but that break has not been confirmed. Why wait? A poke through a line is one factor. Holding above it is a second, and each added factor raises the odds that the break is real and not a head fake. Even with confirmation, resistance zones overhead stand in the way of the dollar getting much higher against the yuan.

Levels That Matter

Bottom Line

No single line on these charts is enough on its own; I want to be the casino. The fixed-price resistance levels are point seven six on USD/GBP and 160 on USD/JPY, plus the USD/EUR pivot overhead, with point ninety two fifty waiting only after that pivot breaks. On a clean break of any of them, I look to enter on the break or on a retrace. A failure at resistance is the other branch, and as long as price is turned back there, the breakout branch stays inactive.

The drawn lines work differently. USD/CAD is still climbing toward the top of its weekly trend line, where I expect a pullback. USD/CNY stays the outlier: a stronger dollar against the yuan only comes into play after a confirmed break of its downsloping trend line.