The greenback continues to track lower on the day
The dollar retracement is still at play at the moment and starting to look like quite the move right now. Cable is up near the highs now at 1.3617 (high today 1.3624) while USD/CHF and USD/CAD sit near the lows for the day while AUD/USD and NZD/USD are near the highs once again.
The only dollar pair which hasn't really budged all too much is USD/JPY as it trades at 109.65, with the low being at 109.56.
As mentioned earlier, keep an eye out on near-term charts and look out for first test of the hourly MAs. That will go on to define the near-term bias in the dollar.
Who let the bears out?
