The USD is lower in trading today, reversing some of the price action seen yesterday.
- The EURUSD moved higher in the early European session but ran into some MA resistance.
- The GBPUSD is moving down to test a cluster of MAs after breaking above those moving averages earlier today.
- The USDJPY continues its ups and downs seen yesterday, but remains below the falling 100 hour MA above.
- The USDCHF saw a sharp spike to the upside yesterday, but a sharp move back to 100/200 hour MAs today. The price is trading above and below those MAs as traders sort out what flurry of punches are next.
- Finally, the USDCAD after moving toward the higher extreme in what has been a wide up and down range going back to early December yesterday, is back down in trading today and below the 100/200 hour MAs in the process.