The 100 day MA of the dollar index is at 76.65 today. The low (as per Bloomberg) is 76.62. This is a key level for the index and with other charts also testing key levels (i.e. EURUSD, GBPUSD, USDCHF, USDCAD, EURJPY, etc), a break today could cause some fireworks. Be aware.
USDJPY moves to new day highs
USD/JPY H1
The USDJPY has moved to new day highs. Earlier today the price moved below the trendline support at the 76.11 currently. The move back higher on the failed break, should lead to shorts getting more nervous. The 76.60 level is the next target. Above that the 76.65 old floor area is also a target level.
EURUSD moves lower on IIF comments
The IIF is on the newswires saying that the Greek deal will likely conclude next week as opposed to in the next few hours as implied by the Greeks themselves. The price of the EURUSD has wandered down on the headlines and looks to test the 38.2% of the days range at the 1.31439 level. Above that is the initial high for the day at 1.3151. In order for additional liquidation to occur a move below thse levels will be needed.
usd/sgd testing support line.
Usd/Sgd is testing this support line from this wedge formation.
Usd/hkd getting close to the next support area.
Usd/Hkd is getting close to the Oct-2010 lows which should provide some support for the pair.
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