New dollar lows for the day vs the EUR, CHF, AUD and NZD

The USD is making new dollar lows vs the EUR, CHF, AUD and NZD.

EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term:

The EURUSD has moved above the swing high from last Friday at 1.13332 and next looks toward the Thursday high at 1.13469. Move above that, and the Wednesday high at 1.13589.

USDCHF USD/CHF The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, Read this Term:

The USDCHF moved down to test the near converged 100/200 hour MAs. The dual moving averages were a key barometer near 0.9222. The price has now moved below those levels and has moved down to a low of 0.92092 so far. The 100 day MA at 0.91992 (call it 0.9200) is the next key target on more selling. The 100 hour MA at 0.92238 is now risk for sellers.

AUDUSD

The AUDUSD has now broken above the swing highs from last week at 0.71723, and a swing area from 0.71556 to 0.71723. That area is now risk in the short term. Stay above is more bullish. The next target comes in at 0.72071. That level represents the 38.2% of the move down from the October 28 high and also a swing low from November 23 and swing high from November 25 before moving to the year low at 0.6992 last week.

NZDUSD:

The NZDUSD moved above the 200 hour MA for the first time since November 9, 2021 today at 0.67969. That MA is now risk for longs looking for more upside. The price has just moved to a session high at 0.6818. The NZD is a currency whose central bank has started to tighten and will likely continue to tighten to slow growth/inflation. The 0.68374 is the next target with 0.6855 to 0.68611 after that.as a target.