Things starting to heat up as the dollar gets another kick in the shins

USD/JPY has the toilet chain pulled on it once more and we slide to 102.12. The moves gives the euro, cable and aussie a boot up.

EUR/USD is up to 1.3798 while AUD/USD knocks on the 0.9350 door which holds a barrier.

Gold is also breaking up through the levels as the dollar declines and has broken the resistance at 1309. The 100 dma has provided support for the last two days and the 1316/17 level marks the next boundary.

Gold daily chart 08 04 2014

Gold daily chart 08 04 2014

Above here we have the Apr 2013 and Dec 2012 trend lines converging at around 1332

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