EURUSD, GBPUSD, AUDUSD, USDCAD and NZDUSD all at extremes

Below is a snapshot of the USD changes vs the major currency pairs

  • EURUSD moves above the 50% of the move down from the April high at 1.0777. The next target is the 100 and 200 bar MA on the 4 hour chart at the 1.0790 and 1.07977 levels
  • GBPUSD moves above the 38.2% retracement of the move down from the February 26 high at 1.4944. The highs from April at 1.4969 and 1.4980 the next upside targets. Above that the 1.5000 level becomes the next focused.
  • AUDUSD has moved above the 61.8% retracement of the move down from the March 24 high to the April 2 low at 0.77828. The next major target area comes in between 0.7840 and 0.7859.
  • USDCAD has moved below the 100 day moving average at 1.2197. The pair did not have much support until 1.2133 and 1.2049
  • NZDUSD has moved above topside trendline at 0.7662. There are a number of lows going back to September 2014 that come in the 0.76802 0.7707 area. The high from March comes in at 0.7696 and is another specific target the market is likely looking toward.