Both the USD/CHF and the GBP/USD have broken potential USD-bottoming patterns in recent days and now the EUR/USD and the AUD/USD are closing in on recent highs. Breaks above 1.5060 and .9325 respectively would leave only USD/JPY support at 87.10 amongst the major pairs and would greatly increase USD-bearish momentum. It seems that those among us who still think the USD has a chance of bouncing are flogging a dying horse.
I’ll hand over to Sam for the next few hours.
