Lets take a look






With the dollar at or approaching key levels in a lot of currency pairs, the dollar rally may stall OR it could accelerate on a break. Key moment. Buyers of the dollar are more in control. The sellers (and they may be the buyers from below) have to prove they can take back control. They will do that by taking back some of the levels taken out to get to these key levels.

What are counter trend levels?

EURUSD: 1.1270-72 Swing high from yesterday and other swing lows from Aug22 and Aug 24

USDJPY: Get back below 102.37 is step one

USDCHF, Get back below 0.9710. Old highs and 100 bar MA on 4-hour chart

AUDUSD: 0.7664-68: Underside of broken trend lines and Asian Pacific lows

NZDUSD: 0.7400. Near lows from yesterday