| A look from a technical perspective at some of the major currency pairs vs the USD. The USD is lower in trading today, reversing some of the price action seen yesterday. - The EURUSD moved higher in the early European session but ran into some MA resistance. - The GBPUSD is moving down to test a cluster of MAs after breaking above those moving averages earlier today. - The USDJPY continues its ups and downs seen yesterday, but remains below the falling 100 hour MA above. - The USDCHF saw a sharp spike to the upside yesterday, but a sharp move back to 100/200 hour MAs today. The price is trading above and below those MAs as traders sort out what flurry of punches are next. - Finally, the USDCAD after moving toward the higher extreme in what has been a wide up and down range going back to early December yesterday, is back down in trading today and below the 100/200 hour MAs in the process. |
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