US dollar moving to new lows. USD is now the weakest of the major currencies
The CAD is the strongest
GBPUSD: The GBPUSD is moving closer to its 200 hour moving average at 1.38198 (and moving lower). The price of the pair has not had a closing hour above its 200 day moving average since June 25 (last Friday). There was only one hourly bar that traded above the moving average (on Monday), but that break was quickly rejected.
USDCHF: The USDCHF is trading down to test a swing area at 0.92127 and below that the 50% retracement of the move up from the June 25 low and its 200 hour moving average at 0.9206. Moving below that support would tilt the bias more to the downside. Earlier today, the 100 hour moving average was broken but momentum on the break slowed. However the last two hourly bars have been able to stay below its 100 hour moving average, and sellers are starting to push lower as a result.