Dollar moves higher into the London/Europe close

Technical Analysis

Author: Greg Michalowski | usdchf

Dollar rises to new highs vs the EUR, GBP, CHF, CAD 

The USD has moved to new session highs against the EUR, GBP, CHF and CAD as London/European traders look to exit for the week.


The EURUSD after pausing near the 61.8% retracement area at 1.10298, as a move below and is showing more willingness to move lower


The GBPUSD has moved to the next target area at the 1.2821-239 area (see chart below)  The low from November 12 at 1.28148 is also being eyed by sellers.

Dollar rises to new highs vs the EUR, GBP, CHF, CAD 

The USDCHF has moved above the November 12 high at 0.9964. The November 7 swing high came in at 0.99747.  The high price for the month of November reached up to 0.9978


The USDCAD has erased all of its retail sales declines.  Recall the price stalled at the 200 hour moving average below at 1.32541 currently (green line) and that started the run back higher. The price is also back above the it's 200 day moving average at 1.32745. 

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