The USD is higher in early NY trading. What levels are controlling bias and defining risk

Get a jump start on the key technical levels in play and the market bias and risk for traders as well

• 0:25. 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 tried to extend above the 50% of the September range but was thwarted as German PPI sent the pair back toward the key support at 0.99515
• 2:34. 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 continues the up and down but is starting the NY session above the 100/200 hour MAs at 143.27 level. THe 143.805 is the next target to get to and through
• 4;39. GBPUSD: The GBPUSD ran up to test the 100 hour MA but found willing sellers against that key technical level and moved back to the downside.
• 5:53. USDCHF: The USDCHF held support against its 200 hour MA and is moving back toward the higher 100 day MA
• 6:59. USDCAD: For the USDCAD, it held support at its 100 hour MA and bounced higher

Overall, the dollar is higher. The technical levels are doing their job and providing traders the opportunity for good trade location.