KEY POINTS OF THE ARTICLE:

• Highlights: Rising bond yields and falling stock markets are strengthening the dollar

Currency Table-Time Horizon: Daily

RESISTANCE

SUPPORT

Horizontal_obj restangle break 1,5685 then 1,5350

0.7

HIGHLIGHTS: RISING BOND YIELDS AND FALLING STOCK MARKETS ARE STRENGTHENING THE DOLLAR
The dollar continued its rebound against the main currencies yesterday. Rising bond yields are supporting the greenback with a 10-year mark at its highest level since March. Operators are now wondering about monetary policy, which would be too accommodative, especially if, with the arrival of vaccines, the economic recovery accelerates. A member of the Bostic Fed said that the central bank is not locked in its beliefs and can change its forecasts

For now, however, it is far too early to see a change and the rise in rates has just allowed the dollar to recover even though it was largely oversold. In addition, the fall in equities resulted in flows to safe-haven assets denominated

The big losers in this sequence were those who had outperformed, namely AUD and NZD. These currencies are recovering this morning on short-term supports at 0.7640 and 0.7145 respectively, which will have to be confirmed at the close. Against the yen, the greenback has stopped on a bearish slant while the pound and the euro are suffering from the new restrictive measures in Great Britain

TODAY'S CURRENCY: GBP/USD, THE POUND REMAINS IN A BULlish SCENARIO

The pound returned to a support zone between 1.3480 and 1.3500 which limited its decline. Yesterday's candlestick in contact with this technical support represents a virtually doji in the form of a pendent, a candle that can herald a bullish reversal or the end of the downturn, especially if it was

The cable is in fact in an uptrend above an ascending oblique that connects the low points since September. The target remains at 1.3900

A return to under 1.3480 would call into question this scenario, which would be abandoned in the event of an oblique closure.

Evolution of the pound against the dollar in daily data: