EUR/USD
1.3600 is nearest now we’ve had the initial move but the bigger 1.3585 is underneath. It’s looking like we’re not going to get anything really dovish from the Dragster so it’s going to take a second wind in the dollar to drive us lower.
USD/JPY
The 100 dma at 102.15 is pivotal at the moment and there’s a minor resistance point at 102.35. The bigger level to note is the 102.70/75 area should things take off
GBP/USD
Looks like “as you were” for the pound as 1.7100 holds. The pound is one pair that may like a walk higher if we don’t get a second round of dollar strength
AUD/USD
Down to the 55 dma at 0.9333 with a low at 0.9329. The former Oct 2013 resistance line at 0.9310 is next. At the moment the dma is the one to watch
EUR/GBP
Looks to be in a whole heap of trouble after flushing the barrier at 0.7950. EUR/USD is holding a test of 1.3600 and that might save further losses. If that goes, we could be facing a big leg down in the cross.
