A look at what is on the board for today
A couple of sizable ones to be aware of, as highlighted in bold.
The one foe EUR/USD is where price action resides now, with the key hourly moving averages sandwiching the level @ 1.2080-29.
Meanwhile, the one for USD/JPY close to 109.00 acts as an added layer of support in case of any downdraft with the key hourly moving averages seen @ 108.93-10.
The big one for USD/CHF may keep a lid on gains but a lot will still ride on dollar sentiment depending on the reaction to US PPI data later in the day. In that regard, Treasury yields are still the key spot to watch for dollar pairs in general.
The confluence of the key daily moving averages for USD/CHF is seen @ 0.9080-81.
Adding to that is a couple of big ones for AUD/USD that may cap spot price in the session ahead before any reaction to US economic releases later.
For more information on how to use this data, you may refer to this post here.
