Forex Morning Briefing Major Pairs

Forex Morning Briefing, Major Pairs

$DXY, $EUR, $JPY, $GBP, $AUD, $CNY

Commentary: .DXY broke 93, a mark I thought was strong resistance.PE

The US Dollar (.DXY) Index at 93.05 is trading above 93, a mark I thought would not break easily. A high of 93.29 was seen Tuesday and a further rise to 93.50-94.00 is possible.

EUR (Euro) at 1.1790 has broken below 1.1800 and can see further decline to 1.1750-10 in a frame that could extend to next week.

USD/JPY at 112.38 bounced Tuesday on USD strength, suggesting the range of 110.50-113.00 mentioned Tuesday has merit.

EUR/JPY at 132.50 moved up with USD/JPY, but has Key resistance at 133.00-50.

Sterling (GBP) support at 1.3430-00 held on 1st test Tuesday, but could be vulnerable to a break. If that happens, a fall to 1.3315-3265 is seen.

AUD (Aussie) at 0.7872 disappointed, it was not able to hold above support at 0.7900, so it brings up chances of a decline to 0.7750 in here.

USD/CNY at 6.6346 continues to rise, targeting 6.65 next.

Stay tuned…

.DXY, AUD, Bullish, consolidation, direction, EUR, forex, GBP, jpy, pairs, range

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.