Dollar up vs all major except the GBP
The dollar is ending the day up, but the NY session saw the greenback give back some of it's earlier day gains.
The EURUSD stalled right near the 61.8% of the move up form the Jan low at 1.0526. The low reached 1.0525. The 1.0517 is another level to get below if the pair is going lower. That level was the swing low from back in November. The pair has traded lower since then but that was a swing low that also corresponds with the 61.8% area. Last week, the low reached 1.0520. On the topside, if the pair can get above the 200 bar MA (green line in the chart above), the upside should have more correction to go. It was not able to do it today.
The GBPUSD traded above the 100 hour MA, traded between the 100 and 200 hour MA for 5 hours and over the last few hours has tried to extend above that MA line (at 1.24722). A trend line cuts across on the upside at 1.2482. The 100 bar MA on the 4-hour comes in at 1.2497. Those are the upside targets. If the pair fails on this move above the 200 hour MA, A move below the 100 hour MA will be eyed in the new trading day.
The USDJPY held the 100 hour MA in the NY session (at 113.374). That is the close risk for buyers/longs in the market. The holding of the MA line is bullish especially since the pair was up coming into the NY session. The US stocks moving up did not really help. The bond yields ended higher but off the highs> The NY tick lower in yields did not help the upside. The pair is above the 200 hour MA at 113.58 (green line). That too is a closer risk level for traders who like the upside. The high today stalled at the 50% of the move down from the Feb 15 high. That comes in at 113.78 and will be eyed as the next target to get to and through in the new day. Above that, and the 200 bar MA on the 4-hour chart at 113.888 will be eyed.
The NZDUSD has the 100 and 200 day MA below at 0.7129. Those MAs stalled the fall today.
ON the topside, the 100 and 200 hour MA and the 200 bar MA on the 4 hour chart chart comes in at 0.7184-0.7190. That is key resistance. Which way do you like?
The USDCAD traded above and below the 200 day MA all day. In the NY afternoon, it trading to go higher and even traded at new session highs, but that move failed. Your guess is as good as mine....