If you weren't trading CAD or NZD this week, the moves were miniscule

Weekly FX changes against the US dollar

There are about to be a lot of dojis on the weekly charts. Among the US dollar, sterling, Aussie, Swiss franc, euro and yen there was almost no movement at all from last Friday's close to now.

The only buy-and-hold trade that worked this week was NZD/CAD, which is a pair that's usually better for your forex broker than for you.

Two takeaways from the lack of moves: 1) It's consolidation after a big move higher in the US dollar. 2) It's a warning sign about a potential reversal in USD.