New highs for the USD across the currency spectrum

• The USD is running.

The greenback is trading to new session highs vs. all the major currencies as the "dollar is king" flows continue.

• EURUSD. The EURUSD is trading to a new session low and in the process is trading to the lowest level since December 2002.Close intraday risk is the low from Friday at 1.00705
• GBPUSD: The GBPUSD is trading to a new session low at 1.1880. The low from last week at 1.1875 is ticks away. A move below would take the pair to the lowest level since March 26, 2020. The low in 2020 reached to 1.14033 by the way.

• 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. The USDJPY is trading to a new high to 1998 at 137.747 after breaking away from the June high at 136.997 (call in 137.00). It would take a move back below that level and 136.70 to give buyers some hope. Absent that, and the buyers are still in firm control.
• USDCHF. The USDCHF is NOT at recent highs but is on an 8 day up streak for that pair after up and down volatility over the last few months. The pair has moved up to test the 61.8% of the move down from the June high at 0.98374. Get and stay above that level increases the bullish bias. Watch 0.9816 as close support now (see chart below).

• NZDUSD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Read this Term. Despite the expectations for the RBNZ to raise rates by 50 basis points, the NZDUSD is trading to the lowest level since May 2020. Looking at the hourly chart the price high last week briefly extended above the 200 hour MA on Friday after the NFP. However, the price reversed back lower and fell back below the 100 hour MA today, tilting the bias back to the downside. The 100 hour MA comes in at 0.61644. The low last week at 0.61235 are risk levels in the pair going forward. Absent moves back above those levels keep the sellers in firm control