Dollar trading at highs vs EUR, CHF CAD. GBP moves lower but not at extremes
The USD is moving higher and is trading at high levels against the EUR, CHF and CAD.
For the EURUSD the 100 hour MA was just broken, and next looks toward the 1 .0832 level (100 hour MA). CORRECTION: Trend line support is being tested at the 1.0851 level first (see chart below).
The USDCHF is currently testing the 100 hour moving average at the 1.0020 level.
The USDCAD could not keep the downward pressure on after breaking below the 100 hour moving average. The bank of Canada, senior loan officer survey came out higher than the prior quarter and 5.6 vs. 4.4. The business Outlook future sales were also better at 16.00 vs. 12 estimate. This is not stopped the USDCAD from moving back higher. Crude oi prices are trading near lows. The high from January 7 at 1.41687 and the high from today at 1.4187 become the next targets for the pair
The GBPUSD is making new North American session lows after testing the 100 hour moving average above at 1.4604 currently, the high price came in at 1.46039 and failing to break. The GBPUSD has had 9 straight dowyou youn days. The pair closed at the 1.4513 area on Friday. The pair is currently trading at session lows at North American session lows 1.4533. Broken trend line support is being tested (see chart below).
