Dollar moving lower. Pairs trading at extremes.
EURUSD: Next upside targets: 1.0706 and 1.0717 (high from yesterday and 38.2% of the move down from april 6). 200 hour MA at the 1.07488 level currently
USDJPY: Next downside targets: 118.71 low from April 3. The low from March 26 comes in at 118.318. The low from February 17 comes in at 118.23
GBPUSD: The pair is breaking above the 100 bar moving average on the 4-hour chart at 1.4816. The next targets comes in at 1.4851 and 1.4871
USDCHF: The 200 hour MA and 50 % were broken at 0.9683 and 0.9670 (now resistance). The next target comes in at 0.96254 (61.8% retracement of the move up from the April low). Below that the 100 day moving average comes in at 0.9596
USDCAD: Falls below the February lows at 1.23507. January 22 low at 1.2312 has also been broken. The 38.2% retracement of the move up from the November 21 low comes in at 1.2206. The 100 day moving average is at 1.21882
