Looks like we’ve run out of steam for now as the dollar goes softer. USD/JPY is below 103 to 102.93. How often have we seen levels that have been built up and busted only to see it fall back?

USd/CHF is down to 0.9060 fron overnight highs at 0.9100 and carrying EUR/CHF back down to 1.2298.

AUD/USD is crawling back above 0.9100 and the kiwi is trying to get another foothold into 0.8200.

NZD/USD daily chart 03 12 2013

NZD/USD daily chart 03 12 2013