As one session ends so the song remains the same 8 Sept
US$ selling still the order of the days with USDJPY down to new recent lows of 107.36, GBPUSD up testing 1.3200 helped by EURGBP supply again with EURUSD underpinned above 1.2060.
Offers/res at 1.3200 under serious threat and I'm happy to sit and watch that pair for the moment. No point standing in front of a moving truck, very bad for your health but I'll be poised when it runs out of steam.
AUDUSD back above 0.8100 but USDCHF holding its own at 0.9455 after earlier 0.9420 lows. USDCAD 1.2093 also off its lows.
It's not been one-way traffic but the trend has been there for a while now. Like it or loathe it we seem to have this with us for the foreseeable future. I can't note too many USD bullish factors coming into play anytime soon.
Nothing has gone too far for too long in recent months but this feels like it can be sustained for a while longer yet.
Let's see what our friends across the pond make of it all as the week draws to a close.
