Friday , 22 November 2024
Home Forex The USD continues its move lower.
Forex

The USD continues its move lower.

The USD is continuing its run to the downside with the greenback trading at new lows for the day vs ALL the major currencies.

EURUSD: The EURUSD is trading to a new intraday high of 1.11661. That is just short of the high from yesterday at 1.11665. Move above and the high from Friday at 1.1181 and the high from last week at 1.1188 would be targeted.

GBPUSD: The GBPUSD is stretching to the 1.3400 and in the process continues to move away from the last target at 1.3358. That remains a close risk level for short-term traders. The price of the GBPUSD based against the 1.3358 in the early NY session. That was a positive for the buyers from a technical perspective and helped contribute to the upside today technically.

USDJPY: The USDJPY is dipping below the 100-hour MA and the 50% midpoint at 143.385 on it’s way to a new low at 143.268.

USDCHF: The USDCHF has fallen below its lows from Thursday and Friday and looks toward other target lows in the up and down trading range. Those levels come in at 0.8431,and then 0.84218. Below that and traders look toward 0.8400.

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Russia deputy prime minister says oil market is balanced thanks to OPEC+

Novak had graduated from being Russia's energy minister to deputy prime minister...

EURUSD Technical Analysis – The Euro falls to the lowest level since 2022

Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...

USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs

Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...

US Dollar surges to two-year high as Eurozone PMIs disappoint

The US Dollar (USD) jumps on Friday to its highest level in...