Dollar ran higher on Fed comments, but only into some technical levels. Bounces.

Technical Analysis

Author: Greg Michalowski | dollar

A look at some of the major charts..


A look at some of the major charts..
The EURUSD fell but stalled at the cluster of support in the 1.1343-483 area and bounced.  That area was home to the 200 day MA, 200 week MA, and swing levels.


The USDJPY on the hourly chart

The USDJPY moved above a topside trend line but ran close to the 100 hour MA (blue line at 107.432). The price stalled at 107.396.


The GBPUSD on the hourly chart
The GBPUSD fell below the 100 hour MA and scooted down to the 100 bar MA on the 4-hour chart and swing levels. All that comes in at 1.2661 to 1.26767. The low reached 1.2671


The USDCAD on the hourly chart
The USDCAD moved above a trend line connecting recent highs over the last few day, but stallled near its 100 hour MA at 1.32058.

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