New dollar highs for the day against the EUR, JPY, CAD, AUD and NZD

The dollars getting stronger with the greenback reaching new highs against the EUR, JPY, CAD, AUD, and NZD. The greenback is just off high levels versus the GBP and CHF as well. It has moved the most versus the JPY (up 1.24%)

EURUSD: The EURUSD has moved below the 50% midpoint of the range for 2023 at 1.07558. The pair has moved down to a low of 1.07256. That level is near swing lows going back to January 11 and January 12 before starting the move to higher levels in January. It would now take a move back above the 50% to increase the bullish bias for the pair.

USDJPY: The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term has extended to a new session hide in the process has moved above its 50% midpoint of the move down from the December 15 high. The level comes in at 132.689. There is also a swing area between 132.70 and 132.87 that the pair is testing currently.

USDCAD: The USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term has extended above the swing area between 1.3434 and 1.3445. That area is now close support. Stay above is more bullish.

The price run to the upside has moved up to test the high price from last week at 1.34712. That level was breached briefly up to 1.3474 and the price has rotated down. Close support at 1.3445 down to 1.3434. Get back above 1.3471 and trade will look toward the high prices from January 20 1.3497 and January 19 at 1.35198. The 100 day moving average is also looming above at 1.35298.

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