The US dollar continues to fall with the greenback hitting new lows against almost all of the major currencies (CHF being the exception).
- EURUSD: EURUSD extends above last week’s high of 1.07779. The danger now is the swing zone between 1.0747 and 1.0759. The next target comes against the 38.2% retracement of the move down from the high of April 26 along with the 100-day moving average. Both are close to 1.0810 (watch the video before here).
- GBPUSD: GBPUSD has now extended above the 61.8% retracement of the May trading range at 1.2537 and a swing zone between 1.25367 and 1.25474. Staying above this level will keep the buyers firmly in control, with the next targets at 1.25637 & 1.25772.
- USDJPY: USDJPY is testing the bottom of the swing zone between 138.73 and 138.897. Break below and traders will target the lows from last week down to 138.42 (see video from here earlier).
- AUDUSD: AUDUSD extended to its highest level since yesterday and finds sellers biased against this level at 0.6717. Support is now the 200-day moving average at 0.66907.