Dollar going out stronger in Europe
The USD is going out stronger as European traders pack it in for the day.
AUDUSD.
The AUDUSD fell below the 100 and 200 hour MAs today (at 0.7606 and 0.75608 respectively), and more recently below the 0.7528 area which has been a dividing line for bulls and bears on the hourly chart.
GBPUSD
The trend line on the 5-minute chart did not hold as per the previous video. Traders have sold on a break of the trend line.
EURUSD
The EURUSD extended the range as well. The pair has been able to stay below the 200 hour MA for most of the London trading session (no closes above). The 1.1143 remains the next downside target. The price sits between the next downside target and topside resistance.
NZDUSD
The NZDUSD fell below the 200 hour MA and the 50% in trading today. The fall below helped to tip the buyers into sellers after holding support against the area yesterday. Lower trend line support is stalling the fall on the test.
