A look around
EURUSD:
The EURUSD leaned against the close from Friday and teetered on jumping into the red for the 11 straight day, but it could not do it. The close on Friday was 1.05870. The low today reached 1.0689 in the NY session. We know trade at the 50% of the day's trading range at 1.06127. PS above the 50% level now.
GBPUSD:
The GBPUSD raced up in early NY trading. That move took the price above the 200 hour MA - currently at 1.24575 (it was at 1.2456 earlier today). The hourly bar corrective lows since the rise came in at 1.24516. The most recent lows could only get to 1.2459 and it trades at 1.2490. So we are seeing buyers keep in control. PS the 50% of the move down from the Nov 11 high to the Nov 18 lows comes in at 1.2487. We don't have an hourly close above that level today. We are above it now.
USDJPY
The USDJPY moved to the highest level since May 30th. That high in May reached 111.44. The high price today reached 111.357. An earlier high today stalled at 111.177. The price is below that level now. The price closed at 110.84 on Friday. We trade at 111.07 now.
NZDUSD
The NZDUSD found sellers earlier at the 0.7073 area where the underside of a broken trend line was found (the high reached 0.7076 - see earlier post here). The price rotated lower and the price fell below the 100 hour MA and toward the 50% of the move higher today. That midpoint comes in at 0.7035. The corrective low stalled at 0.7043. We are currently back up testing the 100 hour MA at 0.70537. The 100 bar MA on the 5 minute chart is also at 0.7055. So key level for the NZDUSD as the NY session moves toward the new trading day.
