USD makes a run for it. New highs vs EUR, GBP, CHF, CAD, AUD and NZD

The USD is making a break for it to the upside. In the current hour, the greenback is trading to new highs for the day versus all the major currencies Currencies Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Read this Term with the exception of the JPY. It is now the strongest of the major currencies. The weakest as the NZD and AUD AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term.

EURUSD: The EURUSD move below the lows from Wednesday's trade and looks now toward the low from Tuesday at 1.07603. The low price from last week reached 1.07568. The price is currently trading at 1.07741.

GBPUSD: The GBPUSD has will below the next target 1.2853, and gets closer to the 50% retracement of the range since the March 2020 low. That level comes in at 1.28288. The low price just reached 1.2837 (see earlier post).

USDCAD: USDCAD moves further away from its 100 day moving average at 1.26730. The high price just reached 1.27183 and trade at the highest level since March 16

AUDUSD: The AUDUSD has now moved below its 100 day moving average at 0.72615 after breaking below its 200 day moving average earlier at 0.72923. The next target comes at 0.7227 to 0.72348.