AUDUSD, NZDUSD and USDCAD each test 100 day MA

All three commodity currencies test 100 day MA

The AUDUSD has its 100 day MA at 0.71823. The high price reached 0.7193 on the dollar selling run, but is back below the MA line (currently at 0.7171).

The NZDUSD has its 100 day MA at 0.67999 (call it 0.6800). The high price for it reached 0.6807. The price is back down to 0.6790 currently.

The USDCAD fell to a session low of 1.3179 on the BOC decision and USD selling. The 100 day MA is at 1.3164. This pair did not quite make it to the MA line.

Each of the pairs have made a run at the 100 day MA. Is that enough? Does the USD rebound with those pairs being the catalyst for the rebound? Much will depend on the continued China situation (which also has helped stocks). Who knows how that might go, but what we know is traders can use the MAs as a risk/bias defining level(s).

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