The USD is the strongest. The CHF is the weakest.
The USD is ending the day as the strongest currency of the majors for the 2nd consecutive day.
The USD was strongest against the CHF (+0.87%). It was virtually unchanged vs. the GBP (+0.02%). Other big advances occurred vs. the JPY and AUD (+0.62) and the EUR (+0.44).
The USDCHF moved up strongly for the 2nd consecutive day. Today, the move took the price above the 100 day MA and trend line at 1.0042 and 1.0052 respectively. The price also moved above the 50% of the move down from the December high at 1.00778 and is closing the day near that level. Breaking and moving away from the 100 day MA at 1.0042, makes that level the support on the downside into the new trading day. The 1.01067 is the high from April.
The USDJPY trended higher but gave up some of the gains on a late day sell off on the back of headlines about N. Korea (and breaking of intraday technical levels too). The price decline sent the pair breaking below the 100 bar MA (at 114.10) and down to a rising 200 bar MA on the 5-minute chart at 113.858 currently. Stay below the 100 bar MA at 114.107 and the sellers can push back lower. What I am concerned about for sellers is the 200 bar MA kinda held (green line in chart below), AND the price did not get to the 50% of the day's trading range at 113.726.
The EURUSD had an up and down choppy session, with a downward bias. The price in the NY afternoon trading stalled near a lower trend line (low reached 1.0863). The rally has kept the price below the 100 bar MA so far. During the day today, the price moved above that MA line twice. Each could not extend to the 200 bar MA (green line in the chart below). The 2nd failed break tested the topside trend line. That trend line - in addition to the 100 and 200 bar MAs at 1.0880 and 1.08938 are resistance now.
